Royal Avenue West, Onchan, Onchan
Asking price: £360,000

A unique opportunity has arisen to acquire this attractive block of three leasehold apartments, ideally situated on Royal Avenue West, within easy walking distance of the promenade and a wide range of local amenities. The property also benefits from partial sea views.

The building comprises three well-proportioned apartments, all of which are currently let, providing an excellent opportunity for an investor seeking an established rental income. The ground floor comprises a spacious one-bedroom apartment, while the first and second floors each provide a good-sized two bedroom apartment.

Externally, the property benefits from a private rear yard with gated access onto the rear lane, together with a rear fire escape. All three apartments are serviced by gas.

The property currently generates an annual rental income of £27,480, representing an attractive gross return of 7.63%.

An excellent opportunity to acquire a fully tenanted block of three apartments in a convenient and popular location, with immediate rental income and scope for long-term investment.