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A block of 4 investment apartments with two garages presently generating an income of over £28,000 per annum

13 Stanley Terrace, Douglas IM2 4EP, Isle of Man

£285,000



Property Description


1 Reception Room
1 Bathroom
1 Garage

Attention Property Investors
Block of Converted Apartments
Up to date With Fire Regulations
Re-Roofed Approximately 2009
Some Excellent Sitting Tenants
Popular Location close to Beach
4 Apartments plus Two Garages
Current income over £28000 Per Annum
Potential to Convert back to Single Dwelling

BREAKDOWN OF INCOME 
Flat 1 (1 Bed) £525 PCM
Flat 2 (2 bed) £575 PCM
Flat 3 (2 bed) £575 PCM
Flat 4 (2 bed) £550PCM
Garage 1 £85 PCM
Garage 2 £85 PCM

SITUATION From the centre of Douglas Promenade travel up Broadway and continue past Victoria Road on the right hand side. Stanley Terrace is the terrace on the right hand side immediately past the entrance to Victoria Road.

ACCOMMODATION

COMMUNAL ENTRANCE HALL Electric meter cupboard. Communal staircase to upper floors.

APARTMENT 1 

PRIVATE ENTRANCE HALL Security entry phone. Door to communal rear yard.

LOUNGE (approx 19’8 x 13’8) Feature uPVC double blazed bay window. Feature fireplace.

BEDROOM (approx 13’2 x 13’0) Door to rear hallway.

SHOWER ROOM Fitted three piece comprising walk in shower cubicle, pedestal wash hand basin and toilet.

KITCHEN (approx 13’0 x 7’0) Fitted wall units and base units with drawers. Fitted laminated worktops with inset stainless steel sink. Cooker, fridge/freezer and washing machine. Tiled splashbacks.

FIRST FLOOR 

APARTMENT 2

PRIVATE ENTRANCE HALL Security entry phone.

LOUNGE (approx 13’0 x 12’2) Door to:

KITCHEN (approx 10’0 x 7’2) Fitted wall units and base units with drawers. Fitted laminated worktops with inset stainless steel sink. Cooker, fridge/freezer and washing machine. Tiled splashbacks. Door to communal rear staircase.

SHOWER ROOM Fitted three piece comprising walk in shower cubicle, pedestal wash hand basin and toilet.

BEDROOM 1 (approx 12’6 x 11’9)

BEDROOM 2 (approx 12’9 x 7’3)

SECOND FLOOR 

APARTMENT 3 

PRIVATE ENTRANCE HALL 

HALF LANDING 

SHOWER ROOM Fitted three piece comprising walk in shower cubicle, pedestal wash hand basin and toilet.

MAIN LANDING Storage cupboard.

LOUNGE (approx 12’9 x 12’2)

KITCHEN (approx 10’9 x 7’2) Fitted wall units and base units with drawers. Fitted laminated worktops with inset stainless steel sink. Cooker, fridge/freezer and washing machine. Tiled splashbacks. Door to communal rear staircase.

BEDROOM 1 (approx 12’7 x 10’7)

BEDROOM 2 (approx 12’2 x 7’6)

ANNEX APARTMENT 4

PRIVATE ENTRANCE HALL Staircase to first floor.

SHOWER ROOM Fitted three piece comprising walk in shower cubicle, pedestal wash hand basin and toilet.

FIRST FLOOR

LANDING 

LOUNGE (approx 13’3 x 10’0)

KITCHEN (approx 12’6 x 6’8) Fitted wall units and base units with drawers. Fitted laminated worktops with inset stainless steel sink. Cooker, fridge/freezer and washing machine. Tiled splashbacks.

BEDROOM 1 (approx 14’0 x 7’4)

BEDROOM 2 (approx 12’0 x 6’8)

OUTSIDE Large communal lawned garden to the front of the property.

Communal rear yard.

Rear service lane providing access to two SINGLE GARAGES with an income of £180 per month. Power and light connected.

TENURE Freehold with the present vendor owning the freehold.

THINKING OF SELLING?  We are professionally qualified estate agents and licensed members of the National Association of Estate Agents (NAEA). We provide free of charge walk through valuations based on properties that have sold so the valuation is far more accurate and realistic. We will also advise and listen to your thoughts and plans. Give us a call on 01624 61 99 66 or email us at info@manxmove.im

DISCLAIMER  Whilst Manxmove Ltd believe that these details are correct, neither Manxmove Ltd or their clients guarantee their accuracy in any way. Consequently, these details are not to be used to form part of any legally binding contract. Prospective purchasers or tenants are advised to visit this property to satisfy themselves as to the correctness of these details. Please note, we use wide angle camera lenses in order to show as much of each room as possible. This is not intended to mislead any prospective purchasers or tenants in any way and an honest verbal description is always available prior to viewing if required.

 

 

 


 

Property ID:   54365

Call:   01624 619966








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