68 Parliament Street & 2/3 Quayside Lane,, Ramsey,
Asking price: £275,000

An exciting opportunity to acquire a superb freehold investment property in a prime position on Ramsey’s high street. This prominent building offers a versatile mix of commercial and residential accommodation, making it an ideal addition to any investment portfolio.

The property is arranged as three self-contained units, a ground floor retail space, a rear workshop, and a spacious three bedroom apartment on the upper floors. Access to the apartment and workshop is conveniently provided via the rear lane.

The ground floor retail unit, extending to 453 sq ft, provides a bright and well-presented trading space with kitchen, WC, and storage facilities. It is currently let until March 2034, with rent reviews and break clauses in place, providing a secure and long term income stream.

To the rear, the 401 sq ft workshop is arranged over two floors and includes a ground floor kitchen, first floor workspace, and WC. This unit is let until June 2027, offering steady ongoing rental income.

The three bedroom apartment spans three floors and features a lounge, kitchen, utility room, WC, and bathroom. Currently vacant, it presents an excellent opportunity for refurbishment and the potential to significantly enhance both capital and rental value.

Together, the retail and workshop units generate £15,600 per annum, with the potential to increase total income to around £27,000 per annum once the apartment is refurbished and tenanted.

This is a rare opportunity to secure a mixed-use freehold property in one of Ramsey’s most prominent locations, offering both immediate income and strong future growth potential.