Unique Residential Investment and Development Opportunity in the historic City of Peel
11 Terraced Cottages, nine let on short hold residential tenancies
Adjoining Field circa 0.75 acres with a detached Stable on the west side, accessible from the main road
Orchard adjoining the field circa 0.15 acres with frontage onto Ballaquane Road
Development land zoned Residential in the Area Plan for the West
Freehold, subject to the investment leases
Overview
Black Grace Cowley are delighted to offer this unique and exciting opportunity to purchase a three-part freehold investment and development opportunity in Peel. Situated in a sought-after location with spectacular views towards the sea. Zoned for Residential. Freehold
1-11 Cowley Terrace is made up of eleven broadly similar two storey cottages. Nine cottages are fully let on short hold residential tenancies, with a tenancy schedule available upon request.
Adjoining field opposite circa 0.75 of an acre, currently let on a grazing licence. A stable on the west side which is let separately.
Orchard, circa 0.15 of an acre, adjoining the field with frontage onto Ballaquane Road, currently let.
