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Block of apartments for sale
Silverburn, Brookhill Road, Ramsey
£340,000
Silverburn, Brookhill Road, Ramsey
£340,000
Our Summary
- A unique investment opportunity has become available in the heart of Ramsey, offering a freehold block of four apartments with sweeping views across the bay
- Three of the units are currently let, providing immediate rental income, while one remains vacant and ready for occupation or refurbishment
- Presently managed directly by the owner, the apartments generate £27,500 per annum, with clear scope for increased returns through future rent growth
- The building is serviced by gas and would benefit from a programme of refurbishment, offering the incoming purchaser the chance to unlock further potential and maximise value
- Potential for rent growth
- Refurbishment works required
Description
A unique investment opportunity has arisen in the heart of Ramsey, featuring a freehold block of four apartments with stunning views of the bay. The block consists of three spacious two-bedroom apartments and one well-proportioned one-bedroom apartment, with three currently let, generating £27,500 per annum. The building has potential for refurbishment and increased returns, and the owner is also selling the neighboring apartment block, Ben Eden, offering the possibility of acquiring an even larger holding in this sought-after location. With its prime position, established income, and significant room for growth, this property presents a rare chance to secure a substantial freehold investment in Ramsey.