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.