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Middle Park Industrial Estate, Braddan Asking price: £195,000 Excl.

  • External
  • Warehouse
  • Warehouse
  • Access Doors
    Access Doors

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  • Area: 1,500 sq ft
  • Price: £195,000 + VAT
  • Lease expires in 2021
  • Passing rent £13,132 + VAT p.a
  • 6.7% yield
  • Good parking provision

Investment Opportunity

Commercial light industrial starter unit available of 1,500 sq ft in central location with excellent communication links. 15 minutes from Ronaldsway Airport and 5 minutes from the centre of Douglas, the island's business and retail capital.

Passing rent £13,132 + VAT p.a. Gross yield of 6.7%.


The site is located to the south of Douglas, just off the main A5 New Castletown Road which links the Islands capital with the airport and towns in the south of the Island. Douglas and the Island’s main sea port is just 1 mile away whilst the airport at Ronaldsway is just 8 miles off.


The unit extends approximately 1,500 sq ft plus forecourt and has eaves height of 5m and an overall height of approximately 7m.


There are two car parking spaces with the unit.


All mains connected. 3 phase supply to main door. Distribution board for small power.

Lease Terms

The unit is currently let to Bahamas Petroleum Company PLC. The lease was agreed from 28th October 2014 for a term of 5 years at a passing rent of £11,250, exclusive of VAT and rates. There is a rent review after the third year linked to Manx RPI.


Sold subject to existing tenancies and on completion of all legal formalities.


Viewing strictly by prior appointment through the Agents, Chrystals Commercial.

Middle Park Industrial Estate
Braddan IM4 1JL
Sale Type: For Sale
Ref #: C1795A

P: 01624 625100

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