6-8 Empress Drive, Douglas
Asking price: £750,000

A unique opportunity has arisen to acquire a terraced property comprising of 38 bedrooms and 2 apartments, Glencoe Summerville is situated just off Douglas promenade and ideally located within walking distance of local amenities.

The long established business provides an ideal HMO opportunity comprising of two guest houses converted into one – Glencoe and Summerville. They are set over 4 floors and consist of a mixture of singles and doubles with shared bathroom facilities. Guests have the use of 2 communal kitchens, a laundry room, 10 WC’s, 5 showers and two yards at the rear. There is a 3 bedroom and 2 bedroom apartment. The owners reside in the 3 bedroom apartment and the 2 bedroom apartment is rented out to guests.

The property is serviced by oil central heating and has recently been renovated with the installation of a new fire alarm system, windows, exterior paintwork and new roof at the rear. The fire regulations and electrics are all up to date and are tested on a regular basis.

The business is not registered with the tourist board as their business is from overseas nationals coming to work on the island. The owners are selling due to retirement.