Offers in region of
£798,950
19 bed property for saleEmpress Drive, Douglas IM2
19 beds
18 baths
2 receptions
Reduced on
Partners Real Estate
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About this property
Turnkey operational guest house with business included, successful business since 1989
Flexible investment with multiple exit and operating strategies.
Potential to create a high-yield HMO investment (subject to all necessary consents)
Potential gross rental income from 16 HMO rooms and a separate apartment.
Prime location within walking distance of Douglas town centre, the business district and Promenade.
Opportunity to add value through strategic reconfiguration and modernisation.
Investment Opportunity – Established Guest House with Exceptional HMO Potential
A rare opportunity to acquire a substantial freehold property in a prime seafront location, combining an established, profitable hospitality business with significant future development potential.
This long-standing guest house has built an excellent reputation over many years and is offered as a genuine turnkey operation, with experienced staff, forward bookings and an established customer base. From the day of completion, the business can continue trading and generating income while a purchaser considers future opportunities.
Continue Trading While Planning for the Future
Unlike many redevelopment projects that require a property to stand empty, this investment offers immediate cash flow. The guest house can continue operating with existing bookings, providing revenue and a return on investment while any future plans are progressed.
Whether your intention is to continue operating a successful hospitality business or explore alternative investment strategies, this property provides exceptional flexibility.
Outstanding HMO Potential
Initial research and discussions have been undertaken regarding the property's potential conversion into a House in Multiple Occupation (HMO), subject to all necessary planning permissions, Building Control approvals and HMO licensing requirements.
A proposed layout could provide:
16 high-quality HMO letting rooms
Separate self-contained two-bedroom apartment
Modern communal kitchen facilities
Excellent communal accommodation
The proposal includes converting two existing guest bedrooms into an additional communal kitchen, whilst repurposing the current dining room as an additional letting room, maintaining a potential total of 16 HMO bedrooms together with the separate apartment.
Based on current market rental evidence, the completed scheme has the potential to achieve:
16 HMO rooms at approximately £160–£175 per room, per week
Separate two-bedroom apartment with an estimated rental income of approximately £1,400 per calendar month
This property offers purchasers a number of potential strategies:
Continue operating as a successful guest house.
Generate income while progressing HMO applications.
Convert to a high-yield HMO investment, subject to the appropriate approvals.
Explore alternative future uses, subject to planning and statutory consents.
Comprehensive financial information is available to genuinely interested purchasers, including:
Historic accounts
Profit and loss statements
Trading figures
Accountant-adjusted profitability
Additional financial information available following a confidentiality agreement
Prime seafront location in Douglas.
Established business with an excellent reputation.
Turnkey operation.
Existing forward bookings.
Immediate income from completion.
Experienced staff in place.
Well-maintained throughout.
High standard of presentation.
Significant HMO potential (subject to approvals).
Separate two-bedroom apartment.
Rare opportunity to acquire a substantial income-producing asset with future development potential.
Viewing is highly recommended to fully appreciate the quality of the property, the strength of the existing business and the exceptional investment opportunity it presents.
Disclaimer: Any proposed HMO configuration, room numbers, rental projections and future development opportunities are indicative only and remain subject to planning permission, Building Control approval, HMO licensing and all other relevant statutory consents. Purchasers should make their own enquiries and obtain independent professional advice before proceeding.
I think this version is stronger because it sells two investments in one an immediate income-producing guest house and a future high-yield HMO opportunity, without overstating what has already been approved.
Location
From the Sea Terminal travel along Douglas promenade continuing past both roundels before taking a left turn onto Empress Drive immediately before reaching Empress Apartments, and Glenfaba can be found on the left hand side.
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Tenure
Freehold
Council tax band
Council tax band not yet known
Ground rent
£0