Empress Drive, Douglas, IM2
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
28
- BATHROOMS
9
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Fully licensed HMO investment opportunity
- Generating close to £200,000 per annum
- Approx. 28 letting rooms plus additional apartments
- Multiple communal kitchens and laundry facilities
- Extensive accommodation arranged over several floors
- Established income-producing asset
- Potential for further enhancement and income growth
- Prime Douglas location close to local amenities
- Suitable for investors and portfolio operators
- Immediate occupancy and trading continuation available
Description
Situated in a prominent Douglas location, Glencoe House presents a substantial and fully licensed HMO investment opportunity generating close to £200,000 per annum, with significant scope for continued income growth and long-term asset appreciation.
This substantial period property has been successfully configured as a large-scale House in Multiple Occupation and now benefits from full HMO licensing in place, offering immediate income production from day one. The accommodation currently comprises approximately 28 letting rooms together with a staff apartment, owner’s apartment, multiple communal kitchens, shared bathrooms, laundry facilities and extensive ancillary storage areas.
The property is arranged over multiple floors and offers a diverse mix of room sizes and layouts, appealing to a broad tenant demographic. The building retains excellent flexibility for future reconfiguration or enhancement, including the potential for additional en-suite accommodation, premium room upgrades or alternative operational models, subject to any required consents.
The existing income stream, combined with the scale of the accommodation and established licensing position, creates a compelling proposition for investors seeking an immediate-return asset within the Isle of Man residential investment market.
Externally, the property occupies a highly convenient position within easy reach of Douglas town centre, local amenities, public transport links and employment hubs, further underpinning long-term occupancy demand.
A rare opportunity to acquire one of the Isle of Man’s larger licensed HMO assets with established income, operational infrastructure already in place and future upside potential.
- 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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Energy performance certificate - ask agent
Empress Drive, Douglas, IM2
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Visit our security centre to find out moreDisclaimer - Property reference 8f803f18-b9d2-4c22-9dc7-f15d60411033. 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 Partners Real Estate, 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.