28 bed property for sale

Empress Drive, Douglas, Isle Of Man IM2

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.