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Walpole Drive, Ramsey Asking price: £369,950

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A Freehold residential investment property comprising 7 self contained apartments. The apartments are in close proximity to Ramsey town centre that produces an approximate rental income of £38,000 pa when fully let. Reflecting an attractive gross yields of 10.3% approximately.


LOCATION

From Parliament Square travel south on Queens Pier Road then take the turning on the right hand side for Albert Road which leads onto Waterloo Road. Continue to the top of the road and take the turning on the right into Walpole Drive and the property is third on the left. Clearly signed 'Abbey House'.

APARTMENTS

7 Flats all one bedroom

Apartment 1 £450 pcm Single occupancy Apartment 2 £425 pcm Single occupancy Apartment 3 £450 pcm Apartment 4 £415 pcm Apartment 5 £450 pcm Apartment 6 £500 pcm Apartment 7 £495 pcm

RATES

TOTAL RATES PAYABLE: £2550 Approx.

SERVICES

Mains water, electricity and drainage. Communal heating included in the rental price. Utility Room on ground floor.

POSSESSION

On completion.

The company do not hold themselves responsible for any expenses which may be incurred in visiting the same should it prove unsuitable or have been let, sold or withdrawn.

VIEWING

Strictly by appointment through the Agents, Chrystals. Please let us know if you are unable to keep your appointment.


Walpole Drive
Ramsey IM8 1NA
Sale Type: For Sale
Ref #: R8037

P: 01624 812236

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