Royal Avenue West, Onchan
Asking price: £325,000

An opportunity to acquire a residential investment property comprising of 3 x 2 bedroom flats.

Flats 1 & 2 are vacant and flat 3 has a long term tenant. All flats require renovation work throughout and would benefit from modernisation.

Annual rental income of £8,340, with a potential of £25,020 per annum when fully let, reflecting a gross yield of 7.69%. Potential for growth with renovation and modernisation.