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Beach Lodge, Central Promenade, Douglas

Key features

  • Situated on Central Promenade
  • 15 bedrooms
  • Fully licenced HMO
  • Bike Store
  • Each bedroom furnished with a bed and mattress, wardrobe, table, and chair
  • 1 bedroom flat at the rear

Description

An outstanding opportunity to acquire the freehold interest of this substantial and fully licensed 15-bedroom HMO property, prominently situated on Douglas Promenade. Offering uninterrupted sea views and just a short walk from the City Centre, this is a rare chance to secure a high quality, income generating asset in a prime coastal location.The property has recently undergone a comprehensive refurbishment, presenting in excellent condition throughout. Designed to provide both comfort and functionality, it features two large, fully equipped communal kitchens, a welcoming communal lounge, and a spacious utility room with WC. Residents also benefit from access to a generous outdoor terrace, ideal for socialising and enjoying the coastal setting.Thirteen of the fifteen bedrooms benefit from private ensuite facilities, while the remaining two are serviced by modern shared bathrooms. Each room is fully furnished to a high standard and includes a bed and mattress, wardrobe, table, and chair—all included as part of the tenancy. A secure onsite bike store is also onsite.Included in the freehold is a self contained one-bedroom flat located at the rear of the property. This unit comprises an open-plan lounge/kitchen, one bedroom with an ensuite shower room, and offers strong rental potential. However, it currently requires works to comply with fire regulations before it can be let. Once compliant, it is expected to achieve approximately £750 per calendar month.The lower ground floor features a separate retail unit, currently in need of refurbishment. It comprises a retail area and two WCs, with services requiring reconnection. This space presents an additional income opportunity, whether refurbished for commercial use or reconfigured for alternative purposes (subject to the necessary consents).This sale represents a rare opportunity to purchase a freehold seafront investment with multiple income streams, immediate rental appeal, and long-term growth potential. Ideal for investors seeking a turnkey HMO asset with added value in both residential and commercial elements.

Location

Beach Lodge is located immediately adjacent to the Empress Hotel on Central Promenade, a short walking distance to Douglas town centre, financial district and all amenities.

Services

All mains services are connected. Oil central heating boiler with two mega flow hot water cylinders. Full fire alarm system.

Legal Costs

Each party to pay their own legal costs.

Possession

Vacant possession on completion of all legal formalities.

Viewing

Strictly by prior appointment through the Sole Agents, Chrystals Commercial.

Brochures

Property BrochureFull Details
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Beach Lodge, Central Promenade, Douglas

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About Chrystals, Isle of Man

31 Victoria Street, Douglas Isle of Man IM1 2SE

Chrystals - a name that has meant "Property" on the Isle of Man for over 165 years - founded in 1854 and owned and run for generations by Chartered Surveyors - we are proud of our heritage and excited about our future.

With 2 prominent high street offices, a top performing website and social media presence, www.chrystals.co.im is the place to find, sell and rent all types of Isle of Man property.

We are a firm who innovates and evolves whilst always maintaining core values of personal service, professionalism and integrity - trust our friendly experienced team with all your property requirements.

We are Isle of Man Registered Estate Agents, Regulated by the RICS and are RICS Registered Valuers.

Your mortgage

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Disclaimer - Property reference 12715692. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Chrystals, Isle of Man. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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