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MapBlock of apartments for sale
Ben Eaden, Brookhill Road, Ramsey
Block of apartments
Key information
Features and description
- Situated in the heart of Ramsey with superb views across the bay
- Freehold property comprising five apartments and one studio
- Annual rental income of £32,040
- Potential for rent growth
- Refurbishment works required
An opportunity has arisen to acquire a freehold property comprising four apartments and two studios in the very centre of Ramsey, enjoying superb views across the bay and set within easy reach of the town's shops, restaurants and amenities. Its enviable location makes it as attractive to tenants as it is to investors.
The property comprises of three one bedroom apartments, a spacious two bedroom apartment and two studio apartments. Five units are currently let and generating income, while one is vacant and awaiting refurbishment.
Currently managed by the owner, the block brings in £32,040 annually, with considerable potential to enhance returns through refurbishment and rent increases. Full of untapped potential, this building offers an incoming purchaser the opportunity to add significant value.
Additionally, the neighbouring apartment block, Silverburn, is available from the same vendor, opening the door for those seeking to expand their portfolio with a larger investment.
Property information from this agent
About this agent
No matter what type of property you are looking for, we will endeavour to find the one that fulfils all your needs. After discussing your requirements, we will assist you every step of the way as you look for your new home. With hundreds of properties on our books at any one time, we have something for every budget and taste. Whether you're looking for a one-bedroom town flat, or a country mansion, you'll find it with Chrystals. With decades of experience, the Chrystals team has seen it all. With an intimate knowledge of the intricacies unique to the Manx property market, we pride ourselves on providing the Island with a first-class service. We have invested a great deal of time and effort in producing the Isle of Man's premier property website. Our dedicated team of online editors update the site daily so you'll hear about the latest properties for sale first.