Studio for sale in St. Pauls Square, Ramsey, Isle Of Man IM8

Bite sized investment property with long term sitting tenant in situ. This first floor studio apartment is nestled in the heart of Ramsey Town Centre with shops and amenities on its doorstep.

Summary

A bite sized investment property with long term sitting tenant in situ. This first floor studio apartment is nestled in the heart of Ramsey Town Centre with shops and amenities on its doorstep.

St Paul's Square continues to be a popular location amongst tenants, with the convenience of local shops including the new Tesco's Express on it's doorstep along with Ramsey town centre and all of the amenities it has to offer. In addition, the building provides security access as well as a lift, meaning finding tenants for investment properties within the complex is never a concern.

This affordable property is a modern studio apartment complete with generous Studio Room, off of which there is a well equipped Kitchen and separate Bathroom all accessible via a central Hallway.

Each of the apartments are serviced by a communal heating system, however have their own electricity metered supply and pressurised hot water cylinder. Dedicated parking spaces are available for rent subject to a separate negotiation with the Management Company.

As the tenant has remained in the property since 2018, he is paying a discounted rent, however units within St Paul's are being rented out for £600 per calendar month inclusive of heating and hot water. Service charges for this property include the cost of heating and hot water, and amount to approximately £2,700 per annum which includes ground rent and contributions to the sinking fund.

Please note that for ease we have used stock images of a vacant studio apartment within St Paul's, therefore the images are not an exact representation of the unit for sale.

Additional Information

- uPVC Double Glazed
- Communal Heating System
- Pressurised Water Cylinder
- Single Occupancy
- Ideal First Time Investment Property
- Sitting Tenant Since 2018
- Current Lease is on a Rolling Monthly Basis
- Vacant Possession is an Option

Directions

Travelling into Ramsey off the A2 Coast Road, turn right onto Stanley Mount East and continue along the promenade following the road onto Dale Street where the property can be found on the left hand side.