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A rare opportunity to purchase a 0.22 acre industrial site situated in Douglas.
The land consists of 4 industrial units which were built in the 1940’s and were used as a canteen, wash house and bunk house during the Second World War. The units are in need of renovation and modernisation.
Unit 1 - 1,410 sq ft
Unit 2 - 1,410 sq ft
Unit 3 - 748 sq ft
Unit 4 - 748 sq ft
Three units are tenanted with one vacant unit. Current rental income: £13,200 per annum. Gross yield 6.13% with potential to increase return with redevelopment.
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