for more information contact
01624 621337
info@lowey.co.im

38 PEEL ROAD, DOUGLAS

Classification: commercial

Property Type: INVESTMENT

Location: DOUGLAS

Reference Number: 4225

£250,000 4 APARTMENTS

  • Parking

Description

A renovated block of 4 x 1 bedroom flats with new gas fired central heating throughout.  New upvc windows to the front.

Communal First Floor Drying Room/Store Room.  Garage with 2 vehicle car parking at the rear.  Modern fire alarm system. The flats are individually wired.  Mains services connected.

This block generates £24,000 per annum from the 4 flats ( approx 10% return)  plus garage rental of £80 per month.    Full fire regulations in place and recently overhauled roof.  A short walk from Douglas Marina and shops.  Views over Douglas Head.  

 

STRUCTURE:  A traditionally Manx stone built 3 storey building with large Dormer front windows.

 

Details

STEPS UP TO FRONT PORCH - Electric Meters, Main Hallway & stairs.


FLAT 1 - Rental £550.00 pcm Entrance Hallway, Lounge, fitted Kitchen/Breakfast Room, Bedroom and Ensuite Bathroom. Panel radiators throughout and power points. Door to rear yard and access to Garage.

STAIRS TO REAR STORE ROOM

FLAT 2 - Rental £500.00 pcm Entrance Lobby, Lounge, fitted Kitchen, Bedroom and Bathroom. Panel radiators throughout and power points.

FLAT 3 - Rental £450.00 pcm Entrance Lobby, Lounge, fitted Kitchen, Bedroom and Bathroom. Panel radiators throughout and power points.

FLAT 4 - Rental £500.00 pcm Entrance Lobby, Lounge, fitted Kitchen, Bedroom and Bathroom. Panel radiators throughout and power points.

REAR YARD Housing oil tank and bins.

REAR GARAGE Up and over door. Concrete floor & ceiling.  Potential rental £30.00 per week.

RATES Approximately £189.00 per annum


 

Location Info

Proceed up Lord Street through the traffic lights at the junction with Athol Street and continue on to Peel Road. 

Number 38 is located on the right hand side, facing the former Nissan garage.

Additional Photos

Click on one of the images below to see a larger version

Property Enquiry