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

Belmont, Ballafurt Road, Port Erin

Sold STC
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  • Five self-contained flats
  • Renovation works required. Potential for further rent growth
  • Rental income: £24,074 per annum
  • Close to the centre of Port Erin and a short walk to the beach

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.



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Location

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Ballafurt Road
Port Erin IM9 6HP
County: Iom
Sale Type: Sold STC
Council Tax: D
Ref #: DR3228
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere