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74, 75 DERBY SQUARE

Classification: commercial

Property Type: INVESTMENT

Location: DOUGLAS

Reference Number: 3840a

£ SOLD THROUGH THIS AGENCY

  • Parking

Description

Double block of 9 Flats, comprising 1 and 2 bedrooms located in the sought after Derby Square overlooking the park.  The present rental income is £50,940 per annum.  The block has proved popular with tenants and enjoys nearly 100% occupancy.   Full fire regulations throughout, professionally tested monthly. Gas fire central heating and hot water in each flat.  Flats 6,9 and 10 have 2 bedrooms with flat 10 having its own front and rear entrance.   Easy car parking on Derby Square and off the rear service lane.  Only 5 minutes walk into the town centre and Douglas Promenade.

 

 

CONSTRUCTION

2 traditionally built Victorian terraced houses converted into 9 flats with modern annex extensions in brick. 

Front elevation cement rendered and painted under a moden roof with number 75 having a Mansard style roof with Velux roof lights. 

All flats are self-contained with modern wiring and plumbing.  Gas fired central heating throughout.  Mostly double glazed.  Mains services connected.

 

 

Details

ENTRANCE HALL

Entrance porch with inner door opening on to the main communal hallway.

BASEMENT  FLAT 1            

Separate steps down to the Basement flat in number 74.   Entrance to Lounge/Bedroom, Bathroom, Breakfast Room and Kitchen with rear  door to yard.    Rent £550.00 pcm.

FLAT 2             (Off Ground Floor Entrance Hall).  Entrance Hallway, Lounge, Kitchen/Breakifast  Room, Bedroom and Bathroom.  Rent £500.00 pcm

FLAT 3             First Floor Flat with Entrance Lobby, Lounge, Kitchen, rear Breakfast Room and Bathroom.  Rear Bedroom.  Rent £500.00 pcm.

FLAT 4             Second Floor flat.  Entrance Lobby, Lounge, Kitchen, Rear Breakfast Room and  Bathroom.  Rear Bedroom.  Rent £500.00 pcm.

FLAT 5             Third Floor Flat.  Entrance Lobby, Front Lounge, Kitchen/Breakfast Room, large Rear  Bedroom and Shower Room.  Rent £500.00 pcm.

FLAT 6             Second Floor of 75 Derby Square.  Entrance Hallway, Lounge, Bedroom, Kitchen and  Bathroom.  Rent £525.00 pcm.

FLAT 7             Third Floor flat currently under renovation.  Entrance Hallway, rear Lounge with  Kitchenette, 2 front Bedrooms with Velux windows, Bathroom.  Project Rent £600.00 pcm.

ANNEXE STORE ROOM (formerly Flat 8)

FLAT 9             First Floor Flat.  Entrance Hall, Lounge, Front Bedroom, Kitchen and Bathroom.  Side storage area.  Rear Bedroom in annex.  Rent £500.00 pcm.

FLAT 10           Ground Floor of 75 Derby Square.  Etrance Porch .  Mains hallway via front door with  storage under stairs.  Front Lounge, Bathroom, Midde Bedroom, Rear Bedroom,  Kitchen/Breakfast Room.  Rent £500 pcm.

BIN ACCESS     Access by Store Room.  Side door to aluminium stairs leading to rear concreted yard.

OUTSIDE          Front concreted area.  Rear concreted yard with large galvanised gate giving access for vehicles and wheeled bins.

FLATS               All flats are offered with carpets, curtains, cookers and fridges.

Location Info

Proceed down Derby Road from Woodbourne Road and then take the fourth turning on the right into Derby Square. 

Turn immediately left down the north side of the Square and number 74/75 is located at the lower end.

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