This is a rare investment opportunity to acquire 10 fully occupied studio apartments with a separate laundry room and two additional rooms ready for conversion in Ramsey, Isle of Man. Based on current rental terms, an asking price of £420,000 would generate a healthy return net of management fees, rates, and ground rent in excess of 10% per annum. The property offers a gross yield in excess of 18% and a net yield in excess of 10%, with potential to increase returns by converting the additional rooms into two new studio apartments. The ten studios are fully let and each has its own entrance, kitchen, bathroom, and laundry room. The building is serviced by a lift and has 24-hour access to the communal area, which includes a bike parking area. The property is located at the heart of St Paul's Square shopping precinct, within easy walking distance to the Promenade and Ramsey Town Centre.