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3 bedroom end of terrace house for sale
Albany Street, Douglas, Isle Of Man
£349,950
Albany Street, Douglas, Isle Of Man
£349,950
Our Summary
- ATTENTION INVESTORS - Excellent investment opportunity for a cash buyer to acquire a traditional central Douglas property comprising of 3 separate one bedroomed apartments set over 3 levels with the further benefit of 2 single garages not yet on the rental market
- 14%Summary - ATTENTION INVESTORS - Excellent investment opportunity for a cash buyer to acquire a traditional central Douglas property comprising of 3 separate one bedroomed apartments set over 3 levels with the further benefit of 2 single garages not yet on the rental market
- 14%Features - Excellent Investment OpportunityInitial Yield Until March 2026 is 4
- 14% plus garage income3 One Bedroom Apartments2 Single GaragesCash Buyers OnlyNo Onward ChainDetails - Excellent investment opportunity for a cash buyer to acquire a traditional central Douglas property comprising of 3 separate one bedroomed apartments set over 3 levels with the further benefit of 2 single garages
Description
This is an excellent investment opportunity for a cash buyer to acquire a traditional central Douglas property comprising of 3 separate one bedroomed apartments set over 3 levels, with the added benefit of 2 single garages. The property is currently let to a headline tenant until March 2026, yielding 4.11% to the current owner, and there is potential for post-March 2026 yield potential of approximately 7.14%, plus garage income. The property features 3 one bedroom apartments and 2 single garages, and is let to a headline tenant at £1200 pcm, with sub-tenants paying rent of £695 pcm each. The current gross yield to the headline tenant is 7.14%, and the arrangement can be renewed or the owner can rent direct to each individual tenant to achieve a higher yield figure.