Initial price	£205,000
19/12/24	£195,000
Price Change	-4.88%

This is an exceptional residential investment opportunity on the Isle of Mull, Scotland. The property, located on Main Street in Tobermory, is a 3-bedroom flat with a spacious living room, bathroom, kitchen, and sea views. The property has previously been used as a holiday let, generating returns of £18,000-£20,000 per annum at 50% occupancy. With a guide price of £205,000, it offers a huge discount and is expected to generate an incredible gross yield if secured at this price. The property has the potential to be turned into a serviced accommodation, with local properties achieving £120-£140 per night, and could generate £30,240-£35,280 per annum at 70% occupancy. The property is in walk-in condition and is located on the seafront, with local amenities and public transport easily accessible. This is an excellent BRRR opportunity for shrewd investors looking for a massively discounted flat in a stunning location.