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Block of apartments for sale
Ashley House, 6 Clifton Terrace, Douglas
£670,000
Ashley House, 6 Clifton Terrace, Douglas
£670,000
Our Summary
- Located in the heart of Douglas, close to both the promenade and the city centre, this fully licensed HMO presents an exceptional investment opportunity
- Investment opportunity
Description
This fully licensed HMO in Douglas is a prime investment opportunity, located in the heart of the city and close to the promenade and city centre. The property is currently fully occupied and licensed to accommodate up to 16 residents, with a mix of double and single bedrooms, including five with en-suite facilities. The property generates an annual rental income of £79,560, providing a strong and consistent return. The accommodation is thoughtfully arranged to maximize comfort and convenience, with shared bathroom facilities, a large kitchen diner, and a small sitting room for communal use. The property has also been fitted with fibre broadband and a dedicated WiFi network, and recent improvements include a freshly repainted external frontage, refurbished communal stairs and landing, and part of the back annexe roof replaced this year. Overall, this is a rare opportunity to acquire a substantial, income-generating HMO in a prime central Douglas location.