Investment Opportunity with 2 Flats and 5 Garages

This unique property presents a superb investment opportunity in the historic capital, and such opportunities rarely come to the market. Located within walking distance of the picturesque Castletown harbour and market place, local shops, restaurants, a beach, the railway station, and even a swimming pool, this location offers convenience and a vibrant lifestyle that's hard to match.
In addition to its local amenities, the property is perfectly situated to reach the airport, the Castletown Golf Links golf course,  and neighbouring southern villages with ease. Whether you're looking for a bustling town life or a quick escape to the countryside, this property provides the best of both worlds.
This truly exceptional opportunity continues with the neighbouring property (115 Malew Street) also being for sale at the same time. Thus creating the potential for a developer to acquire the two properties and therefore two large adjoining land areas in the centre of Castletown. No planning consent has been requested/granted for development, this would therefore be subject to all relevant planning approvals and other regulations required.
While the property does require some modernisation, it comes with a unique history as the original cottage is said to be the oldest on Malew Street.  Additionally, it offers incredible potential, as planning consent was previously received (now lapsed) to convert the two flats into a single dwelling, thereby providing a fantastic opportunity to customise the entire space to your specific needs.
Flat 1 (fronting onto Malew Street) offers a studio layout, comprising a spacious living/bedroom area, kitchen, and a bathroom. Flat 2 (the “garden” flat) features a duplex layout, comprising a dining kitchen, living area opening onto the large rear garden, a bedroom, and a convenient shower room. These versatile spaces make it easy to accommodate multiple living arrangements or explore rental opportunities.
In addition to the living spaces, the property includes five garages (all with electricity laid on), with one being almost double in size, providing ample storage and parking options. The concrete hardstanding/parking area in front of the garages ensures that your vehicles will be well taken care of.
For those seeking an investment with minimal hassle, this property is offered for sale with no onward chain, streamlining the purchase process. With its historic charm and exceptional potential, this property is a must-see for any savvy investor looking to make their mark in the heart of the historic capital.

CLICK HERE TO VIEW PREVIOUS (NOW LAPSED) PLANNING PERMISSION TO CONVERT TO A SINGLE RESIDENTIAL DWELLING

• Victoria Road

• Castle Rushen