An opportunity has arisen to purchase this well maintained freehold investment property is situated in Central Douglas, offering stunning sea views across Douglas Harbour.Originally converted from a guest house into residential units in the 1980s, the property now comprises five self-contained flats—three two-bedroom flats and two one-bedroom flats. The property is fully tenanted, currently generating an annual rental income of £33,970, with potential for future rent growth. Benefiting from gas central heating throughout, this is an excellent opportunity for investors seeking a solid return in a prime harbour side location.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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