Commercial Dept. 37 Victoria Street Douglas Isle of Man IM1 2LF Tel: 01624 611007 Fax:01624 662125 www.deanwood.im commercial@deanwood.im DeanWood Management Limited Ref: 1380 FOR SALE: RESIDENTIAL INVESTMENT Investment Opportunity 3 Self Contained Flats Excellent Decorative Order Well Maintained Block Presently Rented 7 PRINCES ROAD DOUGLAS PRICE: 350,000 (Offers Invited) These particulars are for information purposes and do not constitute or form part of any contract nor should any statement contained herein be relied upon as representation of fact. Neither the vendor nor DeanWood Management Limited (the firm ), nor any officer or employee of the firm accept liability or responsibility for any statement contained herein. The vendor does not by these particulars, nor does the firm, nor does any officer or any employee of the firm have any authority to make
or give any representation or warranty whatsoever as regards the property otherwise. It is the sole responsibility of any person interested in the property described in these particulars to make all proper enquiries and searches to verify the description of the property and all other particulars herein.
Commercial Dept. 37 Victoria Street Douglas Isle of Man IM1 2LF Tel: 01624 611007 Fax:01624 662125 www.deanwood.co.im commercial@deanwood.im DeanWood Management Limited Ref: 1380 7 Princes Road Douglas DIRECTIONS Travelling along the promenade on the Villa Marina side go up Broadway to the set of traffic lights preparing for a right turn into Victoria Road. Travel a short distance and Princes Road can be found on the left hand side and the property is on the left hand side. DESCRIPTION Investment Opportunity - three flats situated within easy walking distance of Douglas Promenade, Villa Marina and Gaiety Theatre and Douglas Town Centre. The property is approached by travelling from Douglas Town Centre along the Promenade, turning left onto Broadway. Continue on and turn right at the first set of traffic lights onto Victoria Road. Proceed up Victoria Road turning left onto Princes Road, where the property is close to the end of the first terrace on the left hand side being clearly numbered The property has been well maintained externally and internally and has recently been redecorated throughout. These are three excellent self-contained flats that offer very comfortable living conditions. All are presently rented out and offer a potential buyer the opportunity to purchase a profitable unit. GENERAL. The building is owned outright by Westport Enterprises Ltd being registered on the Isle of Man for over 10 years and therefore benefits from 0% Company Tax. Each of the three apartments has been rented for a number of years to families with children and is kept in excellent condition. Income is 24,000 Per Annum. ACCOMMODATION Entrance Having a reasonable sized communal area with coir flooring all tenants having access to the electricity meters, fire alarm system. The tenants retrieve post and gain entrance to Flats 1 and 2. GROUND FLOOR FLAT 2 Hallway Neutral coloured carpet throughout enjoying a spacious under-stairs storage cupboard. Lounge 16 11 x 10 4 approx. into upvc bay window. Having a large upvc double glazed bay window to the front aspect enjoying the view of the landscaped patio, this generously sized room benefits from having a central feature chimney breast with real fire effect electric fire, television, telephone point and a radiator. Bedroom 1 12 3 x 10 11 approx. Having upvc double glazed window over the landscaped rear yard. This delightful room enjoys free standing vintage furniture and one radiator. Bathroom 7 4 x 6 4 approx. Having a UPVC double glazed window with deep sill, this well presented spacious bathroom consists of a large bath with over shower and glass screen, pedestal wash hand basin and w/c and towel radiator. Built in shelves offer superb storage. Flat 1 First floor has 3 bedrooms and two baths presently rented partially furnished @ 750 pcm Flat 2 Ground floor has 1 bedroom and one bath presently rented fully furnished @ 550 pcm Flat 3 Lower Ground floor has 2 beds and one bath
presently rented un-furnished @ 700 pcm
Commercial Dept. 37 Victoria Street Douglas Isle of Man IM1 2LF Tel: 01624 611007 Fax:01624 662125 www.deanwood.co.im commercial@deanwood.im DeanWood Management Limited Ref: 1380 7 Princes Road Douglas Kitchen 10 7 x 9 0 approx. Having upvc double glazed window to rear yard this kitchen benefits from a range of wall and base units with a complementary worktop surface. Other highlights include a sink and drainer, under counter washing machine, built in electric oven, ceramic hob and integrated dishwasher, fridge and freezer with extractor fan. The door to rear area gives access through a lockable wooden door to a communal patio area, which enjoys extensive sun exposure, with stairs leading down to the back lane. FIRST FLOOR - FLAT 1 Entrance - at ground floor level via a carpeted staircase to the 1st floor. Hallway Having a neutral carpet and providing storage for coats. Kitchen 13 9 x 9 6 approx. Having upvc double glazed window to rear yard this kitchen benefits from a range of wall and base units with a complementary worktop surface. Other highlights include a sink and drainer, under counter washing machine, built in electric oven, ceramic hob and integrated dishwasher, fridge and freezer with extractor fan. The door to rear gives fire escape down rear staircase and access through a lockable wooden door to a communal patio area, which enjoys extensive sun exposure, with stairs leading down to the back lane. Bathroom need measurement - sorry Having UPVC double glazed windows with deep sills, this well presented spacious bathroom consists of a large bath with over shower and glass screen, pedestal wash hand basin and w/c, and towel radiator. Lounge 17 0 x 13 4 approx. Having upvc double glazed windows to the front with views of the front aspect, this generous sized room two radiators and an archway so living and dining areas can be enjoyed. Bedroom 1 12 4 x 10 5 approx. Having upvc double glazed window over the landscaped rear yard. This delightful room enjoys free standing modern furniture and one radiator. Stairs to: First Floor Half Landing Having a bright and airy feel with neutral carpet and ceiling sky-light. Bedroom 2 17 2 x 11 8 approx. Having upvc double glazed window this large bedroom has a solid oak floor with stunning views over to Onchan Head and enjoys free standing modern furniture and one radiator. Bedroom 3 12 11 x 10 4 approx. Having upvc double glazed window over the landscaped rear yard. This delightful room enjoys an oakwood floor, free standing modern furniture and one radiator. En-suite shower room. Having a shower cubicle, pedestal wash hand basin, w/c, and towel radiator. LOWER GROUND FLOOR FLAT 3 From the ground floor, go down concrete steps to: Entrance Having a upvc door with own post box Porch Having a wooden glazed door to the lounge Lounge 16 5 x 12 0 approx. into upvc bay window. Having upvc double glazed bay window to the front aspect enjoying the view of the landscaped patio, this generously sized room benefits from having a central
benefits from having a television and telephone point, feature chimney breast with real fire effect electric
Commercial Dept. 37 Victoria Street Douglas Isle of Man IM1 2LF Tel: 01624 611007 Fax:01624 662125 www.deanwood.co.im commercial@deanwood.im DeanWood Management Limited Ref: 1380 7 Princes Road Douglas Bedroom 1 13 11 x 8 8 approx. into upvc recessed window Having upvc double glazed window over the landscaped rear yard. This delightful room enjoys free standing modern furniture and one radiator. Viewing Through DeanWood Commercial Bedroom 2 13 11 x 8 2 approx. Having two reinforced double glazed windows at high level. This delightful room enjoys free standing modern furniture and one radiator. Kitchen 12 0 x 8 7 approx. Having upvc double glazed window to rear yard this kitchen benefits from a range of wall and base units with a complementary worktop surface. Other highlights include a sink and drainer, under counter washing machine, integrated dishwasher, built in electric oven, ceramic hob with extractor fan. Free standing fridgefreezer in alcove. Having upvc door to rear yard leading down to the back lane with access up to a communal patio area, which enjoys extensive sun exposure. Bathroom 7 5 x 5 8 approx. Having UPVC double glazed windows with deep sills, this well presented spacious bathroom consists of a large bath with over shower and screen, pedestal wash hand basin, w/c and towel radiator. GARAGE - To be Discussed TENURE Freehold with vacant possession on completion, subject to existing tenancies. RENTAL 24,000 per annum upon internal repairing and insuring terms. RATES To be advised. SERVICES Mains water, electricity, drainage and gas are connected to the property. A fire alarm system has been fitted throughout.