Unit 2, Quay West Bridge Road, Douglas Asking price: £1,100,000 Excl.

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Investment opportunity
10 year lease with Jersey Trust Company
Rent: £78,400 p.a
Gross yield 7.1%
Prestigious Quay West Development
6 secure basement car parking spaces

A rare investment opportunity to purchase this ground floor tenanted office unit in the sought after Quay West development in Douglas.

Set in the heart of Douglas, Unit 2, Quay West is 3,875 sq ft of high quality office accommodation and benefits from 6 secure basement car parking spaces.

The unit is let by JTC Trustees (IOM) Limited, with JTC Group Limited acting as guarantor. Let on a 10 year term with tenant break option in 2026. Rent £78,400 per annum, subject to upward only rent reviews every third year linked to Isle of Man Retail Price Index.

The property will be sold by way of 999 lease from 1st September 2010. VAT will be payable on the purchase price.