Clifton Terrace, Douglas, Isle Of Man
Asking price: £745,000

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12 Clifton Terrace, Isle Of Man

New Property
  • Exterior
    Exterior
  • Communal Hallway
    Communal Hallway
  • Laundry Room
    Laundry Room
  • Apartment 1
    Apartment 1
  • Apartment 1
    Apartment 1
  • Apartment 1
    Apartment 1
  • Apartment 1
    Apartment 1
  • Apartment 1
    Apartment 1
  • Apartment 2
    Apartment 2
  • Apartment 2
    Apartment 2
  • Apartment 2
    Apartment 2
  • Apartment 2
    Apartment 2
  • Apartment 3
    Apartment 3
  • Apartment 3
    Apartment 3
  • Apartment 3
    Apartment 3
  • Apartment 3
    Apartment 3
  • Apartment 3
    Apartment 3
  • Apartment 3
    Apartment 3
  • Apartment 4
    Apartment 4
  • Apartment 4
    Apartment 4
  • Apartment 4
    Apartment 4
  • Apartment 4
    Apartment 4
  • Apartment 4
    Apartment 4
  • Apartment 5
    Apartment 5
  • Apartment 5
    Apartment 5
  • Apartment 5
    Apartment 5
  • Apartment 5
    Apartment 5
  • Apartment 5
    Apartment 5
  • Apartment 6
    Apartment 6
  • Apartment 6
    Apartment 6
  • Apartment 6
    Apartment 6
  • Apartment 6
    Apartment 6
  • Apartment 6
    Apartment 6
  • Apartment 6
    Apartment 6

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  • Freehold residential investment property
  • Potential to achieve £50,700 per annum when fully let
  • Six fully self contained apartments
  • Situated in central Douglas

Seize the chance to own a freehold residential investment property, perfectly positioned in the heart of Douglas. This exceptional property features six fully self-contained apartments, offering a mix of both electric and gas-serviced units, catering to a wide range of tenant preferences.

Currently generating a solid rental income of £24,900 annually, this property holds significant potential to more than double its returns. With full occupancy, the projected rental income could soar to an impressive £50,700 per annum, delivering a substantial gross yield of 6.80%.

Whether you're an experienced investor or looking to expand your portfolio, this property represents a rare and lucrative opportunity. Don't miss your chance to invest in one of Douglas's most sought-after locations!



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Location

Clifton Terrace Douglas
Isle Of Man IM2 3HX
County: Iom
Sale Type: For Sale
Ref #: DR4083
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere