Property photos
£900,000
Studio for sale
Mannix Court, Mooragh Promenade, Ramsey, Isle Of Man IM8Local area information
Property location
Nearby amenities
Features and description
- 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.
Deanwood are proud to bring to the market in 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 bedroomed 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.
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 bedroomed 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.
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
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