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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.
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.
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
Each party will be responsible for their own associated legal costs in the sale or letting of the premises.
The property may be purchased as a clean limited company, otherwise subject to VAT.
All mains services are connected.
The property will be sold subject to existing tenancies.
Strictly by prior appointment through the Sole 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