2 bedroom block of apartments for sale

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2 bedroom block of apartments for sale

11 Fort William, Isle Of Man
£499,000

Our Summary

  • The property is fully tenanted, currently generating an annual rental income of £33,970, with potential for future rent growth
  • Investment opportunity
  • Potential for rent growth

Description

This well-maintained freehold investment property in Central Douglas offers stunning sea views across Douglas Harbour and comprises five self-contained flats, including three two-bedroom and two one-bedroom units. Originally converted from a guest house, the property has been fully tenanted and generates an annual rental income of £33,970, providing a solid return for investors. With potential for future rent growth, this prime harbour-side location is an excellent opportunity for those seeking a reliable investment with the added benefit of picturesque views.