Attention first time buyers and investors. A well presented one bed flat located within a stones throw of the financial district, and within easy reach on foot to the town centre. Identical flat has recently been let for £625pcm, which would achieve a gross yield in excess of 7.5%.

Summary - A well presented cosy and compact first floor flat as part of a converted imposing Victorian building conveniently located within close proximity to the business district and town centre benefitting from all of the amenities that Douglas has to offer.

Flat 3 is located at the rear of the building, ensuring that it is quiet and peaceful, despite its central location. The flat is ideal for first time buyers or investors seeking to add an affordable and strong yielding property to their portfolios. The flat directly below, with an identical footprint and orientation was very recently let for £625pcm, which if matched on flat 3 would generate a gross yield of 7.9% based upon the affordable asking price.

Upon entering the flat, a long Hallway offers access to each of the rooms, and comprises Velux windows at either end providing plenty of natural light. At the far end of the Hallway is a cosy Lounge, also with a Velux window. A well proportioned Kitchen provides a generous amount of base and wall units in a shaker style with in keeping counter top. Each of the appliances are included with the transaction, which include an electric fan assisted oven with ceramic hob, fridge freezer and washing machine. The Kitchen also houses a gas fired combination boiler. The Bedroom is light and bright with dual double glazed windows, and the addition of a Velux window. A well equipped Bathroom includes a P shaped bath with shower over, wash basin and WC.

Externally, there is the benefit of a communal paved patio at the front of the building providing outside space. The building is located in a zoned area for parking with a residents parking permits available subject to the relevant application.

Additional Information - - UPVC Double Glazing
- Gas Fired Central Heating
- Capable of Generating a Gross Yield of 7.9%
- Fibre Broadband Ready
- Management Fees £50pcm
- Close Proximity to Business District & Town Centre
- Due to Fire Regulations, this is a Single Occupancy Property

Directions - Travelling out of Douglas along Circular Road, Belmont Terrace is located on the right hand side when approaching the traffice lights on the junction with Peel Road. No 8 can be identified by our to let board.