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Overview
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.
Location
From Ramsey’s Parliament Square travel north on Bowring Road over the stone bridge then turn right into North Shore Road. Continue to the end of the road. This joins with Mooragh Promenade. Turn right and Mannix Court is on the right side.
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