Duke Street, Douglas
Asking price: £654,275

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20 Duke Street, Douglas

New Property
  • Exterior
    Exterior
  • Exterior
    Exterior
  • The Eatery
    The Eatery
  • The Eatery
    The Eatery
  • Dye-Namic
    Dye-Namic
  • Dye-Namic
    Dye-Namic
  • Dye-Namic
    Dye-Namic
  • First Floor Office
    First Floor Office
  • First Floor Office
    First Floor Office
  • First Floor Office
    First Floor Office
  • First Floor Office
    First Floor Office
  • First Floor Office
    First Floor Office
  • First Floor Office
    First Floor Office
  • Second Floor Office
    Second Floor Office
  • Second Floor Office
    Second Floor Office
  • Second Floor Office
    Second Floor Office
  • Third Floor Office
    Third Floor Office
  • Third Floor Office
    Third Floor Office
  • Third Floor Office
    Third Floor Office
  • Third Floor Office
    Third Floor Office

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  • Investment opportunity
  • Fully tenanted
  • Rent: £52,342 per annum
  • 8% gross yield

A rare opportunity has arisen to purchase this immaculate mixed use investment property situated in a prominent position on Duke Street in Douglas.

Arranged over 5 floors, the property comprises of two retail floor units and three upper floors of modern office space.

Ground floor is split into two units and is tenanted by the Eatery Café and Dye-Namic Hair Studio. The Eatery café is split over two floors including lower ground floor and comprises of 7 rooms on the lower ground floor used for prepping, storage and kitchen areas and main café area providing up to 40 covers on the ground floor. Dye-Namic’s unit is a ground floor unit and comprises of a salon area, massage room and WC.

The upper floors are registered for office use and tenanted to a payroll company. Self contained with their own entrance via keypad access.

Achieving £52,342 per annum reflecting a gross yield of 8%.



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Location

Duke Street
Douglas IM1 2AY
Sale Type: For Sale
Council Tax: D
Ref #: DR3286
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere