Mannix Court is a freehold residential investment property, located on the Mooragh Promenade in the heart of Ramsey. The property has 10 flats all with separate gas heating and individually rated. The flats are managed by the owner, with 8 flats achieving an income of approx. £66,250 per annum equating to a gross yield of 7.3%. Current rents are not in line with the current market, providing an opportunity to increase the yield further.
Accommodation
Apartment 1 – (Approx 1127 sq.ft)
- Basement
- Large Lounge/Diner
- 2 Bedrooms
- Bathroom
- Rear Porch
Maximum Occupancy 6 persons
Rates 2023 – 2024 £846.40
Apartment 2 – (Approx 275 sq.ft)
- Ground Floor
- Lounge/Kitchen
- Bedroom
- Bathroom
Maximum Occupancy 1 person
Rates 2023 – 2024 £423.20
Apartment 3 – (Approx 517 sq.ft)
- Ground Floor
- Lounge
- Kitchen
- Bedroom
- Bathroom
Maximum Occupancy 3 persons
Rates 2023 – 2024 £634.80
Apartment 4 – (Approx 333 sq.ft)
- First Floor
- Lounge/Kitchen
- Bedroom
- Bathroom
Maximum Occupancy 1 person
Rates 2023 – 2024 £380.88
Apartment 5 – (Approx 632 sq.ft)
- First Floor
- Lounge
- Kitchen
- 2 Bedrooms
- Bathroom
Maximum Occupancy 3 persons
Rates 2023 – 2024 £804.08
Apartment 6 – (Approx 345 sq.ft)
- Second Floor
- Lounge/Kitchen
- Bedroom
- Bathroom
Maximum Occupancy 1 person
Rates 2023 – 2024 £380.88
Apartment 7 – (Approx 640 sq.ft)
- Second Floor
- Lounge/Kitchen
- 2 Bedrooms
- Bathroom
- En-suite
Maximum Occupancy 3 persons
Rates 2023 – 2024 £804.08
Apartment 8 – (Approx 338 sq.ft)
- Third Floor
- Lounge/Kitchen
- Bedroom
- Bathroom
Maximum Occupancy 1 person
Rates 2023 – 2024 £338.56
Apartment 9 – (Approx 610 sq.ft)
- Third Floor
- Lounge/Kitchen
- 2 Bedrooms
- Bathroom
- En-suite
Maximum Occupancy 3 persons
Rates 2023 – 2024 £719.44
Apartment 10 – (Approx 905 sq.ft)
- Top Floor
- Lounge
- Kitchen
- 3 Bedrooms
- 2 Bathrooms
Maximum Occupancy 6 persons
Rates 2023 – 2024 £1,100.32
Communal Areas
The fire alarm system has been fully tested with the log book for all testing history accessible.
The electricity meters are located on the ground floor at the rear of the building next to flat 2 and the fire exit.
Emergency lighting is installed throughout the building.
Outside
To the front of the property there is an easily maintained and well-kept patio area with dwarfed wall boundaries and wrought iron railings.
To the rear of the property is a bin storage area at the rear of the garden which is from the basement flat.
Services
All main services are connected.
Gas fired central heating in all flats.
uPVC double glazed throughout, replaced in 2007.
Directions
From Parliament Square drive North along Bowring Road, through the two roundabouts and take the next turning on the right onto North Shore Road. Continue until the stop sign at the promenade, turn left and Mannix Court is the third building on your left hand side.
Offers
All offers and negotiations through the offices of Cowley Groves & Co. Ltd.
Possession
Vacant possession will be given on completion by arrangement.
Viewing
Strictly by appointment through the Agents, Cowley Groves & Co. Ltd. 9 Parliament Street, Ramsey, IM8 1AS.
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