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An opportunity to acquire this attractive mixed use investment property situated in a prime central location of Victoria Street.
The property comprises of a retail unit split over two floors, 4 apartments and 2 office suites. Fully tenanted and achieving £81,600 per annum with a gross yield of 7.77%.
Tacoma lease the basement, ground floor and first floor office on a 10 year tenancy. Sale does not include the business.
Apartments are finished to a modern high standard and benefit from suspended floors and ceilings. Tenants are on annual tenancies.
The property occupies a prime central location on Victoria Street, the main thoroughfare leading through the business and retail sector of the town. Victoria Street is one of the most established commercial locations on the Island.
The property is connected to all mains services.
The property will be sold subject to existing tenancies and on completion of all legal formalities.
Strictly by prior appointment through the Agents, Chrystals Commercial.
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