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Sold STC
Promenade, Port Erin
Overview
- Commercial
- 0
- 0
Description
- Block of seven self contained apartments
- Annual rental income of £39,300 per annum, with a potential of £47,100 per annum when fully let
- Gross yield of 7.53% when fully let
- Renovation work and would benefit from modernisation
An opportunity to acquire a freehold residential investment property comprising of seven self-contained apartments with unrivalled magnificent panoramic views across Port Erin Bay to Bradda Head.
Renovation work is required and would benefit from modernisation. CCTV installed in communal areas. Apartments are serviced by gas and electric key meters.
Annual rental income of £39,300 per annum, with a potential of £47,100 per annum when fully let, reflecting a gross yield of 7.53%. Potential for growth at full occupancy and modernisation.
Property Documents
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Details
Updated on June 16, 2023 at 11:44 am- Property ID: DR3434
- Price: Asking price: £625,000
- Bedroom: 0
- Bathroom: 0
- Property Type: Commercial
- Property Status: Sold STC
Additional details
- Block of seven self contained apartments:
- Annual rental income of £39,300 per annum, with a potential of £47,100 per annum when fully let:
- Gross yield of 7.53% when fully let:
- Renovation work and would benefit from modernisation:
Address
Open on Google Maps- Address Promenade
- Area Port Erin
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