Initial price	£475,000
14/02/25	£425,000
Price Change	-10.53%

This historic building, situated on Ramsey's quayside, offers a unique opportunity to purchase the freehold and redevelop the property. The ground floor, currently used as a commercial space, could be maintained or subdivided into smaller units, while the upper floors could be converted into luxury harbourside living accommodation. The property has a rich history, having been a guest house for sailors, offices, and a restaurant, and has stunning harbour views. With potential to return a net yield of just under 10% per annum, this property presents a lucrative investment opportunity. Subject to obtaining necessary permissions, the building could be redeveloped to include a 2-car garage, additional apartments, and potentially even qualify for a government grant. The property is located in the heart of Ramsey, with easy access to public parking and stunning views of the harbour.