Please enter your starting address in the form input below.
Please refresh the page if trying an alternate address.
Nestled in Douglas, this 1.33 acre industrial site presents an exceptional opportunity. Featuring 13 well maintained units, communal WC facilities, and a convenient container unit, the site offers versatility and potential in equal measure. Unit sizes range from a cozy 40 sq ft to a spacious 7,067 sq ft, totalling an impressive 21,232 sq ft of space.
Primarily tailored for the vendors storage needs, the units are meticulously maintained and in impeccable condition, providing an ideal setting for various business ventures.
Presently, tenants operate under licenses, generating an annual rental income of £60,000. However, with rents set conservatively due to the owners' initial intent to use the site for personal storage, substantial growth potential exists. At an average rent of £8 per sq ft, the units could potentially yield an annual income of £169,856, offering a lucrative opportunity for astute investors.
The site boasts an electronic gate security system, and it has recently undergone extensive refurbishment, including the installation of new roofs, comprehensive lighting, water, and power provisions, along with convenient bathroom facilities.
Residential Sales
T: 01624 623778
E: douglas@chrystals.co.im
Residential Sales
T: 01624 833903
E: porterin@chrystals.co.im
T: 01624 625300
E: douglasrentals@chrystals.co.im
T: 01624 625100
E: commercial@chrystals.co.im
T: 01624 625100
E: commercial@chrystals.co.im
T: 01624 625100
E: rural@chrystals.co.im
Registered Office: Chrystal Bros. Stott & Kerruish Ltd. T/A Chrystals, 31 Victoria Street, Douglas, Isle of Man IM1 2SE
Registered in the Isle of Man No. 34808 | VAT Registration Number: 001090349
Directors: Shane Magee MRICS, Neil Taggart MRICS, Joney Kerruish MRICS & Dafydd Lewis MRICS
© Expert Agent. All rights reserved. | Cookie & Privacy Policy | Terms & Conditions | Properties for sale by region | Properties to let by region | Powered by Expert Agent Estate Agent Software | Estate agent websites from Expert Agent