Industrial Units/Development Site, Summerhill Quarry, Douglas
Asking price: £2,250,000

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Industrial Units/Development site, Summerhill Quarry, Douglas

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  • 1.33 acre site
  • 13 well maintained units
  • Potential to increase annual income to £169,856
  • Development opportunity
  • Recently undergone extensive refurbishment throughout

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.

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Industrial Units/Development Site, Summerhill Quarry
Douglas IM2 4PF
Sale Type: For Sale
Ref #: DR2846
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere