Industrial Units/Development Site, Summerhill Quarry, Douglas
Asking price: £2,995,000

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.