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

9 CLARENCE TERRACE

Classification: commercial

Property Type: APARTMENTS

Location: DOUGLAS

Reference Number: 4444

£1,415,000

Description

7 purpose built apartments constructed some 8 years ago, available to purchase collectively or as follows.

3 rear apartments with sea views plus parking    £555,000

3 sea front apartments with sea views plus parking £615,000

1 sea front Penthouse with sea views plus parking £245,000

 

TOTAL RENTAL INCOME £69,480

The properties are tenanted and should continue to achieve £800 to £850 per apartment.

 

 

CONSTRUCTION

Cavity concrete block with rendered and painted elevations under natural pitched slated roofs.  Flat mono pitched fibreglass roof to rear outlet.

 The property is arranged over four levels with shared central staircase and lift serving the main residential floors plus ground floor parking for residents.

Fire sprinkler system fitted to all apartments.

Details

All apartments are large with 2 bathrooms, large sitting room/Kitchen and 2 large bedrooms.  

Each apartment has its own car parking space.  The Penthouse has two bathrooms and a master bedroom upstairs.

All apartments have vestibule housing meters and fire alarm, communal hallway and private car parking.

Location Info

Proceed North along Douglas Promenade passing through the Broadway traffic lights.

Clarence Terrace is the second turning on the left.  The area is a mixture of commercial and residential properties.

 

Additional Photos

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

Property Enquiry