5 Market Hill, Douglas, IM1 2BF

£392,000

Key Features

  • Commercial investment property, arranged over five floors in a great location, just off North Quay.
  • Retail Unit to Ground with accompanied storage facilities on the Basement Floors, with three, two-bedroom flats to upper floors.
  • Fully tenanted with current rental income of £35,300 per annum (yield of 9%).
  • Available immediately.

Overview

DESCRIPTION

A mixed-use commercial property investment offering commercial premises on the ground floor along with residential uppers. Both the commercial unit and three upper flats are all tenanted and income generating.

The ground floor unit, accompanied by 1 parking space to the rear, features an extensive glass frontage and open plan shop floor. Contained WCs can be found at the rear of the shop floor along with access to the basement storage facility.

The upper floors host three two-bedroom flats. The flats are relatively similar in terms of their specification, providing spacious living areas in the centre of town. The building is fitted with UPVC double glazing throughout.

 

LOCATION

Travelling south along Lord Street from the Sea Terminal, turn left onto Market Hill where the property can be found on the right-hand side.

 

ACCOMMODATION

Approx Measurements:

Ground Floor Retail Area – 58.44 sqm / 629 sq ft

1st Floor GIA – 72.77 sqm / 783 sq ft

2nd Floor GIA – 72.77 sqm / 783 sq ft

3rd Floor GIA – 72.77 sqm / 783 sq ft

 

SERVICES

Mains services are installed. The ground floor retail unit is served by air conditioning. The upper flats are served by individual gas fired boilers.

At a Glance

  • Price
    £392,000
  • Status
    Available
  • Tenure
    Freehold
  • Type
    Investment
  • Area (sq.ft)
    2,978

Contact the Agent

Contact the Agent

Sharon Gelling

sharon@blackgracecowley.com

01624 645550

Key Features

  • Commercial investment property, arranged over five floors in a great location, just off North Quay.
  • Retail Unit to Ground with accompanied storage facilities on the Basement Floors, with three, two-bedroom flats to upper floors.
  • Fully tenanted with current rental income of £35,300 per annum (yield of 9%).
  • Available immediately.

Recently Viewed Properties

5 Market Hill, Douglas, IM1 2BF

£392,000

  • Tenure
    Freehold
  • Type
    Investment
  • Status
    Available
  • Area (sq.ft)
    2,978