Studio flat for sale

Seize the exceptional opportunity to acquire this former guest house, which comes with approved planning permission to convert it into five stunning apartments. This remarkable five story property is perfectly situated in the heart of central Douglas, just off Central Promenade, offering an enviable location with a vibrant urban lifestyle.The property's impressive layout includes two existing apartments, 16 bedrooms, three WC's, one kitchen, and five bathrooms. Its interior is graced with magnificent Victorian tiling and glass, infusing each space with timeless historical charm. The planning permission allows for the transformation into four two-bedroom apartments and one one-bedroom apartment. The lower ground floor and ground floor already house existing apartments that only require adjustments to meet the planning requirements.With planning permission valid until 10th July 2028 (reference number 24/00221/B), this property presents a rare and lucrative investment opportunity. Embrace the chance to turn this historic gem into a modern, profitable venture in one of Douglas's most desirable locations.

LOCATION
From the Villa Marina proceed along Douglas Promenade. On passing the site of Spectrum Apartments take the second turning on your left hand side into Mona Drive where the building can be found on your left hand side.

SERVICES
All mains services are provided. Gas central heating.

POSSESSION
Vacant on possession

Council Tax Band: D
Tenure: Freehold