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A fabulous opportunity has arisen to purchase this mixed use investment property situated in a prime position on Bucks Road in Douglas.
The property comprises of a ground floor retail unit and 3 floors of office space with permitted planning permission to convert into 2 x 3 bedroom apartments.
The ground floor unit is tenanted by Heatwave Hair Salon who have been tenants since July 2010 with their lease up for renewal in 2026. The unit is achieving a rental income of £12,240 per annum. Unit comprises of a ground floor retail area, kitchen, 2 x WCs, store room and basement level. Access to rear yard with parking space.
The three upper floors have permitted planning permission for the conversion of existing offices to form two three bedroom self-contained apartments. Planning reference: 23/00372/B. Expiry July 2027.
Property has undergone renovation with the installation of a new roof and windows.
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