Marathon House, 2 Drury Terrace, Douglas

£719,950

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Key Features

  • Rare opportunity to purchase this immaculate HMO which has recently obtained all certification required to run as a fully compliant HMO to current Regulations.
  • 12 rooms with a maximum occupancy level of 21 tenants. The whole property is currently accessed via Ambiance digital card access system which is controlled by the Management, although a new owner would need to take out an account with Dormakaba – the supplier.
  • Mainly en-suite with a mix of single and double rooms.
  • Vacant room on the 5th floor which could be used as an office.
  • Communal lounge, kitchen, bathrooms, laundry room (separate washing machines/dryers) charged via a digital coin meter.
  • New Worcester Combi boiler, new megaflo water tank.
  • Current Gross Income – approximately £70k pa.
  • Fabulous location just minutes’ walk from Douglas Promenade and within easy walking distance of shops, convenience stores & takeaways.

Overview

DESCRIPTION
This modernised HMO offers light, clean, newly
decorated rooms with new and modern
communal kitchen and bathrooms. Currently the
letting rooms are arranged over 4 storeys. The
washing machines, dryers, boiler and megaflo
are also less than 1 year old. The building has its
Certificate of Registration (dated February 22),
it’s Fire Certificate (dated December 21) and
Certificate of Lawful Use (20/00646/LAW).
LOCATION
Travelling along Douglas Promenade, pass the
Gaiety/Villa Marina Complex and turn left at the
roundel onto Broadway. Continue through the
traffic lights past Clifton Terrace onto the next
block which is Drury Terrace. The property is
named, and on your left hand side.

At a Glance

  • Price
    £719,950
  • Status
    Available
  • Tenure
    Freehold
  • Type
    Investment

Contact the Agent

Contact the Agent

Sharon Gelling

sharon@blackgracecowley.com

01624 645550

Key Features

  • Rare opportunity to purchase this immaculate HMO which has recently obtained all certification required to run as a fully compliant HMO to current Regulations.
  • 12 rooms with a maximum occupancy level of 21 tenants. The whole property is currently accessed via Ambiance digital card access system which is controlled by the Management, although a new owner would need to take out an account with Dormakaba – the supplier.
  • Mainly en-suite with a mix of single and double rooms.
  • Vacant room on the 5th floor which could be used as an office.
  • Communal lounge, kitchen, bathrooms, laundry room (separate washing machines/dryers) charged via a digital coin meter.
  • New Worcester Combi boiler, new megaflo water tank.
  • Current Gross Income – approximately £70k pa.
  • Fabulous location just minutes’ walk from Douglas Promenade and within easy walking distance of shops, convenience stores & takeaways.

Recently Viewed Properties

Marathon House, 2 Drury Terrace, Douglas

£719,950

  • Tenure
    Freehold
  • Type
    Investment
  • Status
    Available
View Property