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Mixed use investment opportunity in Peel with predicted yield of over 8% per annum

23 Michael Street, Peel, IM5 1HB, Isle of Man

£299,950



 

23 Michael Street, Peel, IM5 1HB

Mixed use investment opportunity in Peel with predicted yield of over 8% per annum

£299,950


  01624 619966


  Enquiries

Property Description


3 Bed >
2 Reception Rooms
2 Bathrooms

Cash Buyers Only 

Mixed Use Investment Opportunity
Retail Space plus 3 Bed Apartment
Allocated Parking Space
Central Location within Peel
Predicted Yield of over 8%

SITUATION Travelling into Peel from Douglas passing the QE2 school on the right hand side, follow the road straight down at the crossroads and bear round to the left. Turn first right and then right again into the car park. Follow the one way system up Michael Street and turn left opposite the Newsagents, there is a small parking area on the left which belongs to 23 Michael Street.

ACCOMMODATION

GALLERY (approx 24’10 x 13’0) Superb open plan retail space currently used as a gallery. Prominent high street position with floor to ceiling windows to front.

CAFE AREA  (approx. 20’0 x 17’0) Fitted with a good range of white shaker style wall mounted units, display cabinets and base units with drawers. Fitted laminate worktops with inset stainless steel sink. Fan assisted electric oven with four ring hob and filter hood above. Space and plumbing for dishwasher. Serving counter and display units.

STORE ROOM (approx. 8’7 x 5’8) Concrete flooring.

APARTMENT

FIRST FLOOR

HALF LANDING Recessed shelving unit.

BATHROOM (approx. 10’9 x 10’3) Fitted with a four piece suite in white comprising walk in shower cubicle, panel bath with handheld shower, pedestal wash hand basin and toilet. Wall mounted toiletries cabinet. Tile effect laminate flooring. uPVC double glazed window to rear. Part tiled walls.

SHOWER ROOM (approx. 11’6 x 5’10) Fitted with a three piece suite in white comprising shower cubicle with Mira shower, pedestal wash hand basin and toilet. Large airing cupboard. Laminate flooring. Twin light tunnels.

LANDING

LOUNGE/DINER (approx. 14’11 x 12’4) Impressive reception room which runs the full width of the property. Twin uPVC double glazed sash windows to front. Television point. Satellite point. Twin alcoves with fitted shelving. Picture rail.

KITCHEN (approx. 13’3 x 9’4) Fitted in 2022 comprising an excellent range of high gloss wall mounted units and base units with drawers. Fitted laminate worktops with inset stainless steel sink. Fan assisted electric oven with cermaic hob and extractor above. Fridge/freezer. Integral dishwasher. uPVC double glazed window to rear. Tiled splashbacks. Wood effect flooring.

SECOND FLOOR

HALF LANDING

BEDROOM 1 (approx. 14’0 x 9’5) Bright and spacious rear facing double bedroom with large uPVC double glazed window to rear providing views towards Peel Castle. Coved ceiling.

LANDING Airing cupboard. Velux double glazed sky light. Access to loft.

BEDROOM 2 (approx. 15’7 x 11’6) Spacious front facing double bedroom with large uPVC double glazed window to front. Television point.

BEDROOM 3 (approx. 13’1 x 9’4) Rear facing double bedroom with large uPVC double glazed window to rear providing sea views and views of Peel Castle.

LOWER GROUND FLOOR

BASEMENT ROOM 1 (approx. 14’8 x 12’4) Insulated flooring. Fitted shelving. Power and light connected.

BASEMENT ROOM 2 (approx. 11’5 x 6’4) Insulated flooring. Power and light connected.

BASEMENT ROOM 3 (approx. 11’5 x 14’4) Power and light connected. Insulated flooring.

OUTSIDE To the rear of the property is a designated parking space which the current vendors have used as a small patio also. West facing.

INCLUSIONS Fitted carpets, curtains, blinds and light fittings.

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.

Allocated Parking Space
Beach Nearby
Central Heating
Close to Amenities
Excellent Views
No Onward Chain
Sea Views
Shops nearby

Property ID:   69266

Call:   01624 619966








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