>
3 bedroom flat for sale
Flat 1, Post Office Building, Main Street, Tobermory, Isle of Mull, PA75 6NT
£185,000
Flat 1, Post Office Building, Main Street, Tobermory, Isle of Mull, PA75 6NT
£185,000
Our Summary
- We are excited to bring to the market this excellent residential investment opportunity on the Isle of Mull *** Home Report £240, 000 ******55 Main Street, Tobermory, Isle Of Mull, PA75 6NT previously sold for £244,625, Penmore Cottage, Albert Street, Tobermory, Isle Of Mull, PA75 6PJ previously sold for £279,536 in 2024 ***Excellent BRRR opportunity, has the potential to be turned into a Serviced Accommodation and massive rental income upside
- We are excited to bring to the market this excellent residential investment opportunity on the Isle of Mull *** Home Report: £240,000, Guide Price 205,000 *** Property comprises: 3 bedrooms, spacious Living room, bathroom, kitchen, sea views and ample storage space *** Home Report : £240,000 *** Hugely discounted price to ensure an auction sale
- ***55 Main Street, Tobermory, Isle Of Mull, PA75 6NT previously sold for £244,625, Penmore Cottage, Albert Street, Tobermory, Isle Of Mull, PA75 6PJ previously sold for £279,536 in 2024 *** Property offers fantastic capital growth potential
- Excellent BRRR opportunity has the potential to be turned into a Serviced Accommodation and massive rental income upside
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
This property, located in Tobermory on the Isle of Mull, is a fantastic investment opportunity for shrewd investors. The 3-bedroom flat is situated on the seafront, with stunning views of the harbour and surrounding landscapes. The property is in walk-in condition and has the potential to be turned into a Serviced Accommodation, with serviced accommodations in the area achieving between £120-£140 per night. With a potential 70% occupancy per month, the property could generate an incredible gross yield if secured at the guide price. The property has previously been used as a holiday let, bringing in returns between £18,000-£20,000 per annum, and has the potential for capital growth. The vendor is motivated to sell and is looking for an auction sale, making this a rare opportunity for investors to snap up a discounted property in a sought-after location.