Belmont, Ballafurt Road, Port Erin

  • Asking price: £340,000
Ballafurt Road, Port Erin

Overview

  • Commercial
  • Property Type
  • 0   
  • Bedroom
  • 0   
  • Bathroom

Description

  • Five self-contained flats
  • Renovation works required. Potential for further rent growth
  • Rental income: £24,074 per annum
  • Close to the centre of Port Erin and a short walk to the beach

An opportunity to acquire a freehold residential investment property comprising of five self-contained flats close to the centre of Port Erin and a short walk to the beach.

1 x 2 bedroom flats and 4 x 1 bedroom flats. 4 flats are tenanted and 1 vacant. The vacant flat requires renovation works throughout.

Rental income: £24,074 per annum. Projected rental income when fully let: £33,242 per annum.

Flats are serviced by gas. All flats have smart meters.

Renovation works required. Potential for further rent growth with modernisation.

Property Documents

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Details

Updated on June 14, 2023 at 2:33 pm
  • Property ID: DR3228
  • Price: Asking price: £340,000
  • Bedroom: 0   
  • Bathroom: 0   
  • Property Type: Commercial
  • Property Status: Sold STC

Additional details

  • Five self-contained flats:
  • Renovation works required. Potential for further rent growth:
  • Rental income: £24,074 per annum:
  • Close to the centre of Port Erin and a short walk to the beach:
  • Address Ballafurt Road
  • Area Port Erin

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