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Block of apartments for sale
4 Murrays Road, Douglas
£350,000
4 Murrays Road, Douglas
£350,000
Our Summary
- It's worth noting that some flats mayrequire renovation work to reach their full potential
- However, with all units occupiedand any necessary renovations completed, the property holdsthe potential to yield an impressive £36,000 in annual rentalincome
- Unlock the true value of this property by capitalising on its potential for enhancement and expansion
Description
This property in central Douglas offers a rare opportunity to invest in a partly tenanted residential property with four self-contained flats, including a cozy studio. Currently, three of the flats are occupied, while one flat awaits its new tenant. Although some flats may require renovation work, the property currently generates a respectable rental income of £20,980 annually and has the potential to yield an impressive £36,000 upon renovation and occupation of all units. With the prospect of modernisation and expansion, this investment holds great potential for growth. Don't miss out on this opportunity to secure a lucrative investment in one of Douglas's most sought-after locations.