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Property for sale in 11 Mona Street, Douglas

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Property - £275,000

11 Mona Street, Douglas

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First listed on: 06th May 2016

Nearest stations: Haggerston (0 mi)Herston Halt (0 mi)Hoxton (0 mi)Inch Abbey (0 mi)Lea Bridge (0 mi)

Interested in this property? Call See phone number 01624 623778

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Property Features

  • Residential investment property
  • 3 self-contained apartments
  • Large double garage
  • Close to Douglas town centre
  • Gross income: 22,320 per annum

Property Description

A superb opportunity to acquire a fully tenanted residential investment comprising 3 flats with a large double garage to the rear. Present/projected gross income: approx. £22,320 per annum giving an initial yield of 8.1%.

Location
The property is located on Mona Street close to Buck\'s Road, a main arterial route into the town from the direction of Onchan and the north. This area is a short walk from the Commercial and Retail Centres.

Accommodation
The property comprises three flats with a rear yard and large double garage. There is also a spare room on the first floor that is unallocated to a flat at present, providing opportunity for a further bedroom or storage space. The property has been well maintained over recent years and is fully tenanted at present.

Rent Schedule
Flat 1
Lounge, double bedroom, kitchen, bath.£595 pcm / £7,140 per annum.

Flat 2
Lounge, double bedroom, kitchen, bath.£495 pcm / £5,940 per annum.

Flat 3
Lounge, 2 no. double bedrooms, kitchen, bath.£650 pcm / £7,800 per annum.

Large double garage£120 pcm / £1,440 per annum.

Total - £22,320 per annum.

Tenancies
Apartments are all let on periodic residential tenancies.

Tenure
The property is to be sold Freehold subject to the tenancies.

Inventory
Inventories of the landlords\' installations and furnishings will be supplied prior to exchange of contracts.

Possession
Possession is subject to the existing tenancies and on completion of legal formalities.

Viewing
Strictly by prior appointment through the Agents, Chrystals Commercial.

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Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
06/10/2016 Property listed at £275,000

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Disclaimer

Disclaimer Property reference 13967IM1_6739357. Details are provided and maintained by Chrystals Douglas. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

Chrystals Douglas

Chrystals

31 Victoria Street

Isle Of Man

IM1 2SE

Telephone: See phone number 01624 623778

Arrange Viewing Arrange Viewing with Agent

Disclaimer

Disclaimer Property reference 13967IM1_6739357. Details are provided and maintained by Chrystals Douglas. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

Chrystals Douglas

Chrystals

31 Victoria Street

Isle Of Man

IM1 2SE

Telephone: See phone number 01624 623778

Arrange Viewing Arrange Viewing with Agent

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