Detached house for sale

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Detached house for sale

Beach Lodge, Central Promenade, Douglas
£1,250,000

Our Summary

  • This unit comprises an open-plan lounge/kitchen, one bedroom with an ensuite shower room, and offers strong rental potential
  • However, it currently requires works to comply with fire regulations before it can be let
  • The lower ground floor features a separate retail unit, currently in need of refurbishment
  • This space presents an additional income opportunity, whether refurbished for commercial use or reconfigured for alternative purposes (subject to the necessary consents)

Description

This substantial 15-bedroom HMO property, located on Douglas Promenade, offers a rare opportunity to acquire a high-quality, income-generating asset in a prime coastal location. The property has undergone a comprehensive refurbishment and presents in excellent condition throughout, featuring two large communal kitchens, a welcoming lounge, and a spacious utility room. The 13 bedrooms with private ensuites and two shared bathrooms are fully furnished to a high standard, and the property also includes a self-contained one-bedroom flat and a retail unit on the lower ground floor. The property offers multiple income streams, immediate rental appeal, and long-term growth potential, making it an ideal investment opportunity for those seeking a turnkey HMO asset with added value in both residential and commercial elements.