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Block of apartments for sale
29 Peel Road, Douglas
£415,000
29 Peel Road, Douglas
£415,000
Our Summary
- A superb investment opportunity offering a fully tenanted freehold block comprising four self-contained flats - one one-bedroom flat and three two-bedroom flats
- 03%, with clear potential for future rent growth
- Situated within walking distance of the city centre and local amenities, this well-positioned block offers a solid and attractive proposition for investors seeking reliable returns and long-term growth potential
Description
This investment opportunity presents a fully tenanted freehold block of four self-contained flats, generating a total annual rental income of £33,360 and a strong gross yield of 8.03%. The property is located within walking distance of the city centre and local amenities, offering a solid and attractive proposition for investors seeking reliable returns and long-term growth potential. The flats are serviced by gas and benefit from four storage units and two parking spaces, providing a convenient and practical living arrangement for tenants. With a clear potential for future rent growth, this property presents a superb investment opportunity for those looking to diversify their portfolio.