Thalia House, Ballafurt Road, Port Erin

£325,000

Key Features

  • For Sale - Residential Investment
  • Block of 4 flats - FULLY LET
  • Investment Return = 8% Yield
  • Annual Rental Income = £26,100

Overview

DESCRIPTION

A fabulous opportunity to purchase this immaculate, fully let block of four flats situated in an excellent location in Port Erin, within easy walking distance of the beach, local shops, eateries and bus routes.  The flats are separately metered and the building is fully electric – all flats having wall mounted electric heaters and are let fully furnished.  Each flat has a modern white gloss kitchen and a modern white shower-room.  The building is fully double glazed, and there is a fire precautions system.  We understand the whole property was re-roofed around 10 years ago.  The ground floor flat benefits from use of the garden at the rear and the upper flats have views of Port Erin beach from the rear windows.  There is a paved area at the front and a communal laundry room in the rear yard.  There are 3 x 1 bedroom flats and 1 x 2 bedroom flat in the property.

At a Glance

  • Price
    £325,000
  • Status
    Sold
  • Tenure
    Freehold
  • Type
    Investment

Contact the Agent

Contact the Agent

Sharon Gelling

sharon@blackgracecowley.com

01624645550

Key Features

  • For Sale - Residential Investment
  • Block of 4 flats - FULLY LET
  • Investment Return = 8% Yield
  • Annual Rental Income = £26,100

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Thalia House, Ballafurt Road
Port Erin

£325,000

  • Tenure
    Freehold
  • Type
    Investment
  • Status
    Sold