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BELMONT TERRACE 5

Classification: commercial

Property Type: APARTMENTS

Location: DOUGLAS

Reference Number: 4890

£380,000 6 APARTMENTS

Description

A former Victorian Guesthouse converted into 6 self-contained 1-bedroom apartments. 

The property has been refurbished and has double glazing and gas fired central heating throughout. 

Belmont Terrace is a popular letting area and fully let the property generates an annual income of £36,816 which represents a gross return of approximately 9.5%.

The property is south facing and only a short walk to the Town Centre.  

 

 

STRUCTURE

A Victorian stone built terraced 3-storey property with rear annexe.  External render painted under a pitched slate roof.  Mains services connected and each apartment has its own water, electricity and gas supply. 

 

 

Details

MAIN ENTRANCE - Entrance Lobby with electrics in fire cupboard. Fire alarm system. Mains communal Hallway with staircase leading to the upper floors with fitted carpet.  Rear door to rear yard.

APARTMENT 1 – Rent £518 pcm.  Entrance Lobby, Lounge with bay window and Kitchen area with fitted kitchen units, oven, hob and fridge/freezer.  Bathroom with shower, pedestal wash basin and wc.  Rear Bedroom, fitted carpet.

APARTMENT 2 – Rent £425.00 pcm.  Entrance Hallway, Lounge with Kitchen area with fitted kitchen units, oven, hob and fridge/freezer.  Bathroom with shower, pedestal wash basin and wc.  Rear Bedroom, fitted carpet.

APARTMENT 3 – Rent £525.00 pcm.  Entrance Hallway, Lounge with Kitchen area with fitted kitchen units, oven, hob and fridge/freezer.  Bathroom with shower, pedestal wash basin and wc.  Rear Bedroom, fitted carpet.

APARTMENT 4 – Rent £525.00 pcm.  Entrance Hallway, Lounge with Kitchen area with fitted kitchen units, oven, hob and fridge/freezer.  Bathroom with shower, pedestal wash basin and wc.  Rear Bedroom, fitted carpet.

APARTMENT 5 – Rent £575.00 pcm.   Entrance Hallway, Lounge with Kitchen area with fitted kitchen units, oven, hob and fridge/freezer.  Bathroom with shower, pedestal wash basin and wc.  Rear Bedroom, fitted carpet.

APARTMENT 6 – Rent £500.00 pcm.  Entrance Hallway, Lounge with Kitchen area with fitted kitchen units, oven, hob and fridge/freezer.  Bathroom with shower, pedestal wash basin and wc.  Rear Bedroom, fitted carpet.

REAR YARD – Access via concrete steps up to rear service lane

 

FRONT GARDEN –   Gravelled garden with plants.  Cast iron railings and gate. Steps up to front door. 

 

 

Location Info

Proceed into Douglas from the Quarterbridge roundabout along the main Peel Road.  Belmont Terrace is a terrace of properties on the left, with number 5 just opposite the Brown Bobby Petrol Station.  Belmont Terrace continues into Circular Road. 

Additional Photos

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