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10 Victoria Street, Douglas Asking price: £1,550,000 Excl.

  • 10 Victoria Street
    10 Victoria Street
  • 10 Victoria Street
    10 Victoria Street
  • Office
    Office
  • Office
    Office
  • Rear View
    Rear View

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  • 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.


Location

Travelling down Victoria Street from Prospect Hill, continue past the junction with the main shopping area of Duke Street where the property can be found on the left hand side. The property is just a moments’ walk from M & S, Boots, Natwest and the Sea Terminal.

Accommodation

Ground floor suite extending 1,713 sq ft currently let from May 2016.

Office suites extending 5,553 sq ft laid out over 3 floors into 1,851 sq ft:

• Raised access flooring
• Suspended ceilings
• Comfort cooling
• 8 person passenger lift serving all floors

Legal Costs

Each party will be responsible for their own associated legal costs in the sale or letting of the premises.

VAT

The property may be purchased as a clean limited company, otherwise subject to VAT.

Services

All mains services are connected.

Possession

The property will be sold subject to existing tenancies.

Viewing

Strictly by prior appointment through the Sole Agents, Chrystals Commercial.


10 Victoria Street
Douglas IM1 2LH
County: Isle of Man
Sale Type: For Sale
Ref #: C2145

P: 01624 625100

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