Ballafurt Road, Port Erin
Asking price: £340,000

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.