10 Prospect Hill, Douglas

£275,000

Overview

DESCRIPTION

A good opportunity to purchase this centrally located, mostly tenanted freehold office building in Douglas.  The property extends over basement, ground, first, second and third floors.

The property has recently been partially refurbished to include the installation of uPVC windows and the redecoration of the office space.  The building is very centrally located on Prospect Hill, directly opposite the entrance to Athol Street, within easy walking distance of all town centre amenities.

LOCATION

10 Prospect Hill is located opposite Java Express and the entrance to Athol Street, the Isle of Man’s main financial hub.  The property is within walking distance of Douglas Town Centre, all Banks, Isle of Man Government Offices and local amenities, retail and leisure facilities.

ACCOMMODATION

The accommodation is laid out over basement, ground, first, second and third floors and extends to approximately 1,508 sq ft.

Ground Floor & Basement: approx. 562 sq. ft – LET

Lease expires 17/09/21 with option to renew for further 3 years.  Current passing rent: £10,080 pa

First Floor:  approx. 300 sq. ft   £3,500 pa exclusive
Second Floor: approx. 336 sq. ft   £3,000 pa exclusive
Third Floor: approx. 310 sq. ft – LET
Let on a month-by-month basis with 3 months written notice.  Current passing rent: £3,360 pa

Key Features

  • FOR SALE
  • INVESTMENT OPPORTUNITY – approx. 1,508 sq ft - £275,000 exclusive
  • Part Tenanted - Current Rental Income - £13,440 pa
  • Potential Rent Income – Circa £20,000 pa

At a Glance

  • Price
    £275,000
  • Status
    Available
  • Tenure
    Freehold
  • Type
    Investment
  • Area (sq.ft)
    1,508

Key Features

  • FOR SALE
  • INVESTMENT OPPORTUNITY – approx. 1,508 sq ft - £275,000 exclusive
  • Part Tenanted - Current Rental Income - £13,440 pa
  • Potential Rent Income – Circa £20,000 pa

Contact the Agent

Contact the Agent

Sharon Gelling

sharon@blackgracecowley.com

01624 645553

Recently Viewed Properties

  • Tenure
    Freehold
  • Type
    Investment
  • Status
    Available
  • Area (sq.ft)
    1,508
10 Prospect Hill
Douglas

£275,000