Sandymount, Ballafurt Road, Port Erin

  • Asking price: £300,000
Ballafurt Road, Port Erin

Overview

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

Description

  • Four self-contained flats
  • Renovation works required and potential for further rent growth
  • Rental income: £19,380 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 four self-contained flats close to the centre of Port Erin and only a short walk to the beach.

4 x 1 bedroom flats. 3 flats are tenanted and 1 vacant.

Rental income: £19,380 per annum. Projected rental income when fully let: £25,872 per annum.

Flat 1 is serviced by oil and flats 2, 3 and 4 are serviced by gas. Each flat is electric key metered.

Garden space at the rear.

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

Property Documents

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Details

Updated on June 14, 2023 at 2:34 pm
  • Property ID: DR3227
  • Price: Asking price: £300,000
  • Bedroom: 0   
  • Bathroom: 0   
  • Property Type: Commercial
  • Property Status: Sold STC

Additional details

  • Four self-contained flats:
  • Renovation works required and potential for further rent growth:
  • Rental income: £19,380 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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