20 Derby Road, Douglas

Oiro £395,000

Overview

DESCRIPTION

An opportunity to purchase this block of 4 flats located in a well-established, residential location in Douglas, within easy walking distance of the local shops and amenities in the town centre.  The building is full let and has individual electric key metres, oil fired central heating in 2 flats & electric heating in 2 flats, and a mega-flow water heater.  We understand the building was fully re-wired and had a new roof around 10 years ago.

LOCATION

Travelling through Douglas town centre along Bucks Road continue along Prospect Terrace and turn right onto Derby road just past Woodbourne Square.  The property can be found on your left-hand side.

Key Features

  • Residential Investment Opportunity
  • Block of 4 flats
  • OIRO £395,000
  • Rental Income - £30,096 pa
  • Investment return 7.6%

At a Glance

  • Price
    Oiro £395,000
  • Status
    Under Offer
  • Tenure
    Freehold
  • Type
    Investment

Key Features

  • Residential Investment Opportunity
  • Block of 4 flats
  • OIRO £395,000
  • Rental Income - £30,096 pa
  • Investment return 7.6%

Contact the Agent

Contact the Agent

Sharon Gelling

sharon@blackgracecowley.com

01624645550

Recently Viewed Properties

Under Offer
  • Tenure
    Freehold
  • Type
    Investment
  • Status
    Under Offer
20 Derby Road
Douglas

£395,000