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3 GRANVILLE STREET

Classification: commercial

Property Type: INVESTMENT

Location: DOUGLAS

Reference Number: 4906

£400,000 RETAIL UNIT + 3 FLATS

Description

An end of terrace commercial retail property renovated some 20 years ago and consisting of Ground Floor and Basement Hair and Beauty Salon and 3 x 1-bedroom self contained residential flats.  Full fire regulations installed.

Hair Salon currently rented out at £10,000 per annum.  Flats recently renovated to a good standard and leased for £650.00 each per month i.e. £23,400 per annum. 

Location is just off Douglas Promenade and close to the Strand Shopping Centre and other Strand Street retailers.

 

 

STRUCTURE

A Victorian 3-storey Manx stone built former guesthouse.  External elevations cement rendered and painted under a tiled roof.  Each flat is central heated, double glazed and carpeted with Kitchen appliances.  Mains services connected.

Details

ENTRANCE

Step up to Hallway.  Access to Studio 1 Hair Design.  Hair and Beauty area, internal stairs to part Basement.  Large Utility/Kitchenette.  Modern electrics.  Access to first floor wc.

FIRST FLOOR - FLAT 1    Entrance Lobby, Lounge with Kitchen area, built in oven and hob, washer/dryer and fridge/freezer.  Rear Bedroom and Shower Room.

STAIRS TO SECOND FLOOR  - FLAT 2      Entrance Lobby, Lounge with Kitchen area, built in oven and hob, washer/dryer and fridge/freezer.  Rear Bedroom and Shower Room.

STAIRS TO THIRD FLOOR - FLAT 3     Entrance Lobby, Lounge with Kitchen area, built in oven and hob, washer/dryer and fridge/freezer.  Rear Bedroom and Shower Room.

OUTSIDE     Side Service lane with wheelie bins.

 

Location Info

Proceed from the South end of Loch Promenade, passing Regent Street, and take the left hand turn into Granville Street just before Jak’s Bar & Steak House.  3 Granville Street is adjacent to a side service lane.

Additional Photos

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