Promenade, Port Erin
Asking price: £625,000

An opportunity to acquire a freehold residential investment property comprising of seven self-contained apartments with unrivalled magnificent panoramic views across Port Erin Bay to Bradda Head.

Renovation work is required and would benefit from modernisation. CCTV installed in communal areas. Apartments are serviced by gas and electric key meters.

Annual rental income of £39,300 per annum, with a potential of £47,100 per annum when fully let, reflecting a gross yield of 7.53%. Potential for growth at full occupancy and modernisation.