MapBlock of apartments for sale
Key information
Features and description
- Situated in the heart of Ramsey with superb views across the bay
- Freehold block of four apartments
- Annual rental income of £27,500
- Potential for rent growth
- Refurbishment works required
The block comprises three spacious two bedroom apartments alongside a well-proportioned one bedroom apartment. Three of the units are currently let, providing immediate rental income, while one remains vacant and ready for occupation or refurbishment. Presently managed directly by the owner, the apartments generate £27,500 per annum, with clear scope for increased returns through future rent growth.
The building is serviced by gas and would benefit from a programme of refurbishment, offering the incoming purchaser the chance to unlock further potential and maximise value. Investors will also note the availability of the neighbouring apartment block, Ben Eden, which is being sold by the same owner and presents the possibility of acquiring an even larger holding in this sought-after location.
With its prime position, established income, and significant room for growth, this property represents a rare chance to secure a substantial freehold investment in Ramsey.
Tenure: Freehold
Property information from this agent
About this agent
