Sold STC
Ballafurt Road, Port Erin
Overview
- Commercial
- 0
- 0
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
Open on Google Maps- Address Ballafurt Road
- Area Port Erin
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