3 bedroom flat for sale

• We are excited to bring to the market this excellent residential investment opportunity on the Isle of Mull * Home Report £240, 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. Sure to appeal to a shrewd investor looking for a massively discounted flat in a stunning location
•  Serviced accommodation within the area are achieving between £120 - £140 per night. At 70% occupancy per month, unit could achieve £30,240 - £35,280 per annum which would generate an incredible gross yield if secured at the guide price.
• Property is in walk-in condition, sure to appeal to shrewd investors looking for an easily lettable property in a sought after location. It is located right on the seafront, a stone throw from local amenities such as cafes, restaurants, with public transport easily accessible.

 

We are excited to bring to the market this excellent residential investment opportunity on the Isle of Mull * Home Report: £240,000, 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.

The local areas have seen some great sales recently showing that there is strong demand recently, should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

*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. Sure to appeal to homeowners looking for a fantastic new modern home or to shrewd investors looking for an easily lettable property in a sought after location.

Property was previously used as a holiday let bringing in returns between £18,000 - £20,000 at a 50% occupancy per annum .  If used for the same purpose, this could provide an excellent return on investment if achieved for the guide price.

Excellent BRRR opportunity has the potential to be turned into a Serviced Accommodation and massive rental income upside. Sure to appeal to a shrewd investor looking for a cheap investment flat.

Serviced accommodation within the area are achieving between £120 - £140 per night. At 70% occupancy per month, unit could achieve £30,240 - £35,280 per annum which would generate an incredible gross yield if secured at the guide price.

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.

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. For further details on how to have a bidding account created please contact the team.

 

Location:

Situated in Tobermory on the Isle of Mull, this charming property boasts stunning views of the harbour and surrounding landscapes. With a blend of traditional architecture and modern amenities, it features a spacious living area and well-appointed bedrooms. The vibrant local community offers access to shops, restaurants, and cultural attractions, making it not only a picturesque residence but also a perfect retreat for those seeking the tranquility of island life. Emphasisng both comfort and convenience, this property is an excellent choice for potential buyers and holidaymakers looking to experience the natural beauty and rich heritage of the Isle of Mull.