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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.
Residential Sales
T: 01624 623778
E: douglas@chrystals.co.im
Residential Sales
T: 01624 833903
E: porterin@chrystals.co.im
T: 01624 625300
E: douglasrentals@chrystals.co.im
T: 01624 625100
E: commercial@chrystals.co.im
T: 01624 625100
E: commercial@chrystals.co.im
T: 01624 625100
E: rural@chrystals.co.im
Registered Office: Chrystal Bros. Stott & Kerruish Ltd. T/A Chrystals, 31 Victoria Street, Douglas, Isle of Man IM1 2SE
Registered in the Isle of Man No. 34808 | VAT Registration Number: 001090349
Directors: Shane Magee MRICS, Neil Taggart MRICS, Joney Kerruish MRICS & Dafydd Lewis MRICS
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