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Mixed use for sale

1 Bowring Road, Ramsey
Mixed use
Added > 14 days

Features and description

  • Situated in a prime location
  • Ground floor retail unit and 1 bedroom apartment
  • Potential rent of £16,800 per annum when fully let
  • Mixed use investment
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.

Tenure: Freehold

Property information from this agent

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About this agent

Chrystals Estate Agents - Douglas
Chrystals Estate Agents - Douglas
31 Victoria Street Douglas, Isle of Man IM1 2SE
020 8022 1282
Full profileProperty listings
No matter what type of property you are looking for, we will endeavour to find the one that fulfils all your needs. After discussing your requirements, we will assist you every step of the way as you look for your new home. With hundreds of properties on our books at any one time, we have something for every budget and taste. Whether you're looking for a one-bedroom town flat, or a country mansion, you'll find it with Chrystals. With decades of experience, the Chrystals team has seen it all. With an intimate knowledge of the intricacies unique to the Manx property market, we pride ourselves on providing the Island with a first-class service. We have invested a great deal of time and effort in producing the Isle of Man's premier property website. Our dedicated team of online editors update the site daily so you'll hear about the latest properties for sale first.
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