Christian Road, Douglas
Asking price: £624,000

Introducing a superb investment opportunity to acquire a fully licensed and meticulously maintained HMO property. Originally a guest house, this residence has been thoughtfully converted into ten spacious bedrooms, each designed for single occupancy and featuring its own ensuite bathroom.

The property offers modern amenities, including WiFi connectivity throughout, two well-equipped communal kitchens/dining areas, and a dedicated utility room, ensuring a comfortable and convenient living environment for tenants. Recently refurbished with a new roof and upgraded front windows, now replaced with UPVC sash windows, the property is presented in excellent condition.

Fully tenanted, the property generates an impressive annual rental income of £62,400, resulting in a strong gross yield of 10%. Additionally, it is fully compliant with HMO regulations and fire safety standards, making it an ideal investment for hassle-free ownership. This is a rare chance to acquire a high-performing property with excellent returns, offering both immediate rental income and long-term potential.