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Strand Street, Douglas Asking Price: £3,500,000 excl.

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  • Prime central location
  • Rental income of £370,244 per annum
  • Prime freehold retail investment
  • Total net area: 15,900 sq ft.

An excellent investment opportunity to acquire a prime freehold retail investment property.

The property is leased on a full repairing and insuring terms to Next Group PLC, a multinational retailer offering clothing, footwear and home products. Next have around 700 stores as well as a home shopping catalogue and e-commerce website with more than 5 million active customers. Next reported a total group sales for the year ending January 2019 of £4.2bn.

The property has extensive frontage and a total net internal area of some 15,900 sq ft on ground, first and second floor levels.

The lease to Next is for a term of 20 years on FRI Terms. The lease expires in 2026. The passing rental income of £370,244 per annum.

Price is subject to contract and exclusive of VAT.

Strand Street
Douglas IM1 2EW
County: Iom
Sale Type: For Sale
Ref #: DR1873
Last Updated: Friday, 03 July 2020 12:50

P: 01624 625100

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