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An exceptional investment opportunity awaits with this prime mixed-use property, ideally located in the bustling heart of Ramsey. This property offers a perfect blend of commercial and residential space, providing both immediate rental income and long-term potential.
On the ground floor, you'll find a modern retail unit, extending over 454 sq ft. The space boasts an open plan retail area, ideal for a variety of businesses, alongside a well-equipped kitchen, preparation area, and WC. It's designed for efficiency and practicality, ready to accommodate a thriving business in this high-traffic location.
The first floor houses a charming one-bedroom apartment, currently tenanted and generating a steady rental income of £550 per month on a 12-month lease. The apartment features a cozy lounge, a functional kitchen, a shower room with WC, and a comfortable bedroom, making it an appealing residence for tenants.
This property has been thoughtfully upgraded with recent refurbishments, including a brand-new kitchen, updated flooring, modern electrics with 3-phase power, and ample sockets throughout. Each unit is self-contained, serviced by gas, and offers independent access. A new roof was also installed just five years ago, ensuring minimal maintenance concerns for the foreseeable future.
This is a rare chance to acquire a well-maintained, income-producing property in a prime location. Perfect for investors seeking both retail and residential opportunities, this property promises strong returns and future growth potential.
Residential Sales
T: 01624 623778
E: douglas@chrystals.co.im
Residential Sales
T: 01624 833903
E: porterin@chrystals.co.im
T: 01624 625300
E: douglasrentals@chrystals.co.im
T: 01624 625100
E: commercial@chrystals.co.im
T: 01624 625100
E: commercial@chrystals.co.im
T: 01624 625100
E: rural@chrystals.co.im
Registered Office: Chrystal Bros. Stott & Kerruish Ltd. T/A Chrystals, 31 Victoria Street, Douglas, Isle of Man IM1 2SE
Registered in the Isle of Man No. 34808 | VAT Registration Number: 001090349
Directors: Shane Magee MRICS, Neil Taggart MRICS, Joney Kerruish MRICS & Dafydd Lewis MRICS
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