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3 bedroom flat for sale
Flat 1, Post Office Building, Main Street, Tobermory, Isle of Mull, PA75 6NT
£205,000
Flat 1, Post Office Building, Main Street, Tobermory, Isle of Mull, PA75 6NT
£205,000
Our Summary
- We are excited to bring to the market this excellent residential investment opportunity on the Isle of Mull *** Guide Price £205,000 ******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 *** 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
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Here is a summary of the property description in a single paragraph:
This residential investment opportunity on the Isle of Mull is a fantastic BRRR opportunity with the potential to be turned into a Serviced Accommodation, offering massive rental income upside. The property, located on the seafront in Tobermory, has 3 bedrooms, a spacious living room, bathroom, kitchen, and sea views. With a guide price of £205,000, it's a highly discounted price to ensure an auction sale. The property has previously been used as a holiday let, generating returns between £18,000-£20,000 per annum at 50% occupancy. With serviced accommodation in the area achieving between £120-£140 per night, the property could generate an incredible gross yield if secured at the guide price.