Lord Street, Douglas
Asking price: £370,000

An exciting opportunity to acquire a fully leased mixed use investment property strategically located on Lord Street in Douglas. This property boasts two thriving retail units on the ground floor and a duplex two bedroom apartment on the upper levels.

Retail Unit 1C is currently leased to GAIA Coffee and Food to Go under a 5 year lease, generating an annual rental income of £9,240. The unit features a ground floor retail area, first-floor storage/office space, and a WC, totalling 345 sq ft.

The retail unit facing Lord Street/Market Hill is occupied by the Model Shop under a rolling 12 month lease, yielding an annual rental income of £7,200. This unit includes a ground floor retail area, workshop, WC, and basement storage, covering 435 sq ft.

Furthermore, the property features a self contained duplex apartment with a private entrance, consisting of an open plan lounge and kitchen, WC, bathroom, and two bedrooms, currently generating £1,000 per month in rental income.

Benefiting from recent extensive renovations, including exterior enhancements, a newly installed roof, and a fully refurbished apartment, this property is primed for long-term investment success.