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A unique opportunity to purchase a 1.33 acre industrial site situated in Douglas.
The site comprises of 13 units, communal WC’s and a container unit. Units range from 40 sq ft up to 7,067 sq ft. Total 21,232 sq ft. Most of the units are used for storage purposes. The units are in good condition and the site is well maintained.
Tenants are on licences and rent being achieved is £60,000 per annum. Rents are low as the owners purchased the site for storage purposes and it was an added benefit to rent out of the spaces and units. The site has growth potential. Based on £8 per sq ft it has potential to achieve £169,856 p.a.
T: 01624 623778
T: 01624 833903
T: 01624 625300
T: 01624 625100
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