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Isle Of Man Business Park Douglas, Isle Of Man Asking price: £2,400,000

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  • Well established site
  • Prominent location
  • Fully let to Ocean Ford for 10 years
  • Rental figure upon request
  • Yield 5.75%
  • Excellent investment opportunity

INVESTMENT OPPORTUNITY

A rare opportunity to acquire a fully let property comprising of vehicle display areas, two car showrooms/offices and workshop buildings with truck wash.

The property is let for ten years to Ocean Ford. Lease expires in 2029 without a break clause. Next rent review is due in 2020 and every three years thereafter. Yield 5.75%. Rental figure upon request.

The main showroom area has a spiral staircase to a mezzanine floor, staff kitchen facilities, rear stairwell with wc and rear pedestrian door. The mezzanine comprises open plan office area and meeting room. Pedestrian doors provide access at the front of the property to the showroom and there is vehicular access to the right side via an electric roller door.

Gross internal area:

Ground floor: 3,421 sq ft

Mezzanine: 1,209 sq ft

The second showroom comprises of a showroom, office areas and workshop with staff wc. There is a mezzanine floor for storage. Pedestrian doors provide access to the front and left side of the property and roller shutter doors provide access to the rear.

Gross internal area:

Ground floor: 3,198 sq ft

Mezzanine: 499 sq ft

The workshops consist of 7 bays with roller shutter doors. The workshops are currently laid out as one single and 3 double units and have potential to be subdivided further. There is a mezzanine floor in one of the double units.

Gross internal area:

Ground floor: 5,605 sq ft

Mezzanine: 594 sq ft

There is substantial onsite parking providing approximately 80 car parking spaces, with additional parking using circulation areas.



Isle Of Man Business Park Douglas
Isle Of Man IM2 4WD
Sale Type: For Sale
Ref #: DR1942

P: 01624 625100

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