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COMMERCIAL

Mannix Court , , IM8 3BA

£900,000
Deanwood Estate Agents, Douglas
PROPERTY TYPE

Commercial Development

SIZE

Ask agent

Key features

  • 10 flats for sale at once.
  • Victorian splendour with stunning un-interrupted views over Ramsey Bay on the Mooragh Promenade.
  • Centrally located on the Beach near to the Park and Swimming Pool.
  • High yielding return.
  • Significant potential to increase the current rent roll.
  • Unique walk-in, investment opportunity.

Description

Deanwood are proud to bring to the market an excellent residential investment property situated in the heart of the Mooragh Promenade, Mannix Court, a characterful Victorian property; with a rent roll of circa £61,500 per annum (not including the modernised ground floor apartment).


With stunning views over Ramsey Bay and across to the front and Mooragh Park & Ramsey Town to the rear, the property offers excellent flexibility, cashflow and yield; with significant potential to further increase rental income. The accommodation comprises:-


Spacious rear garden, 10 flats including: -


5 x 1 bedroom flats


3 x 2 bedroom flats


1x 3 bed flat


1 x 2 bed modernised owner-occupied ground floor apartment.


This is an exclusive investment opportunity, provides the purchaser with as close to as possible a walk-in investment, which has been well maintained over the years, with a full range of relevant certificates. ‘Oven ready’ would be the best way to describe this investment. It is one not to be missed. 


There is great scope to increase rents in line with recent increases, shown across the board in what is a tight Ramsey market; often realising longer tenancies. Recently in a similar property a (recently renovated), a two-bed flat was advertised at £950 per month, which highlights the great potential to which Mannix Court brings to the table. Especially as the ground floor apartment is not currently included on the rent roll.


The Property is registered. Over the years the property has been well maintained with external painting, the windows were replaced in 2007, the fire alarm systems are all compliant and electrics are maintained and up-to-date.


Do enquire in the Ramsey Office for further information.      


 

Mannix Court , , IM8 3BA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • St. Bees Station5231.5 miles

About Deanwood Estate Agents, Douglas

37 Victoria Street Douglas Isle of Man IM1 2LF

Notes

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