- Area: 7,266 sq ft plus basement
- Price: £1,550,000 plus VAT
- Tenanted retail ground floor - rental income £25,000 pa
- Offices on upper floors (presently vacant)
- Prime central location
- Planning permission for 3 one bedroom apartments on the 3rd floor
A unique opportunity to purchase a substantial purpose built mixed use investment property laid out over five floors including basement. It’s situated on Victoria Street in Douglas, the Island’s most impressive business location, and serving as the main link between the commercial and retail centres of the Capital.
The ground floor is tenanted to Asia’s Best Choice Supermarket on a 20 year lease term. Rental income: £25,000 per annum, with an increased staggered rent.
The 3 upper floors are vacant and comprise of first rate refurbished office accommodation to a modern specification.
The 3rd floor has approved planning permission for the conversion into 3 one bedroom apartments. Planning permission expires January 2024.