Block of apartments for sale

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Block of apartments for sale

12 Clifton Terrace, Isle Of Man
£745,000

Our Summary

  • Currently generating a solid rental income of £24,900 annually, this property holds significant potential to more than double its returns

Description

This freehold residential investment property in Douglas offers six self-contained apartments, catering to a range of tenant preferences with both electric and gas-serviced units. Currently generating a solid annual rental income of £24,900, the property has significant potential to increase its returns, with full occupancy potentially doubling the income to £50,700, resulting in a substantial gross yield of 6.80%. This rare and lucrative opportunity is perfect for experienced investors or those looking to expand their portfolio, offering a chance to invest in one of Douglas's most sought-after locations.
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