Block of apartments for sale

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Block of apartments for sale

4 Clifton Terrace, Douglas
£649,000

Our Summary

  • Beyond the immediate income, there is considerable potential for future rental growth, providing an attractive gross yield that makes this property a compelling prospect for investors seeking reliable returns
  • Investment opportunity
  • Potential for rent growth

Description

This freehold residential investment in Douglas offers six self-contained apartments, all currently tenanted, and is situated in the heart of the city, close to shops and local amenities. The property generates an annual rental income of £49,980, providing a strong gross yield. Recent improvements include a new roof, refurbished back annexe roof, and freshly painted exterior and communal areas, ensuring the property is well-maintained and visually appealing. With potential for future rental growth, this investment presents a compelling prospect for investors seeking reliable returns, offering a convenient and attractive opportunity for those looking to grow their portfolio.