3 bed Flat For Sale £110,000
Demesne Road, Douglas

Attention Cash Buyers. An opportunity to acquire a centrally located, top floor 3 bed duplex flat offered for sale at a competitive asking price.

Whilst there are only 52 years remaining on the leasehold, the freeholder has provided a written undertaking to commit to extend the leasehold terms for the new owner.

Summary - Attention Cash Buyers. An opportunity to acquire a centrally located, second floor 3 bed duplex flat offered for sale at a competitive asking price.

This particular property has been carefully maintained under the same ownership for over 20 years, and with 52 years remaining on the leasehold, is being offered to cash buyers only, albeit the freeholder has provided a written undertaking to agree to extend the term of the lease to the successful purchaser. The asking price of the property is therefore reflective of these circumstances.

Located on the east side of Demesne Road means that this property is in the midst of the amenities that Douglas has to offer. A short walk in one direction leads to the Terrace shops including convenience stores and various take away establishments. A short walk in the opposite direction and within five minutes both the business district and town centre can be reached.

This typical Victorian property converted to three flats, with flat 3 occupying both the second and third floor space of the building. To the front of the building is a cosy light and bright Lounge with neutral carpeting. At the rear is a well proportioned dual aspect Dining Kitchen with pleasant views over the roof tops with freestanding fridge freezer and new electric oven included. Of the Kitchen is a Utility Cupboard that houses a new washing machine.

One of the Bedrooms is located on the lower floor, with two spacious double Bedrooms located on the upper floor both of which benefit from Velux style windows. Completing the accommodation is a generous Family Bathroom the benefits from a bath with electric shower over, pedestal wash basin and WC. The Bathroom also offers large storage cupboards, one of which is home to a traditional electric immersion heater.

Wall mounted electric heaters are complemented by an electric fire in the Lounge to provide heat to the lower floor, whereas plug in electric heaters are available on the upper floor.

To the front of the property is a small and easily maintained patio garden. A permit is available to allow unrestricted roadside parking in the immediate vicinity to the property.

Additional Information - - Suitable for Cash Buyers Only
- Substantially uPVC Double Glazed
- Wall Mounted Electric Heating on Lower Floor
- Plug-In Heating on Upper Floor
- New Appliances including Electric Oven and Washing Machine
- Undertaking from Freeholder to Increase the Term of the Lease
- Excellent Income Potential

Directions - Travelling out of Douglas town centre up Prospect Hill, continue through the traffic lights onto Bucks Road, taking the fifth left turning onto Kensington Road. Take the first left turning and follow until the end of the road. Turn left onto Demesne Road and after a short distance the property can be found on your right hand side.