Studio flat for sale

A rare opportunity has arisen to acquire this immaculate mixed-use investment property, prominently positioned on Duke Street in the heart of Douglas. Spanning five floors, the building comprises two ground floor retail units and three upper floors of modern office space.The ground floor is divided into two separate units. One is currently let to The Eatery Café, which occupies both the ground and lower ground floors. The lower ground level includes several rooms used for food preparation, storage, and kitchen facilities, while the ground floor houses the main café area with seating for up to 40 covers. The second unit is let to Dye-Namic Hair Studio and features a welcoming salon space, a massage room, and a WC.The upper floors are registered for office use and are fully let to a marketing/admin company. These offices are self-contained and accessed independently via a secure keypad entrance.This investment currently generates an annual rental income of £52,342, offering an attractive gross yield of 8.73%.

Council Tax Band: D
Tenure: Freehold