Marina Road, Douglas
Asking price: £380,000

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1, 1a and 2 Marina Road, Douglas

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  • Permitted planning permission for the demolition and erection of retail/commercial unit and 5 apartments
  • Planning permission number 21/01119/B
  • Situated in a prime location
  • Sitting tenants attracting a good yield of 7.71%

An opportunity to purchase this site in a prime location with permitted planning permission for the demolition of the existing building and erection of a high quality mixed use building with commercial/retail on the ground floor and 5 apartments above.

The site is located at the corner of Marina Road and Senna Road, which is a northerly extension of Strand Street, the main retail centre of Douglas. The building is currently occupied by Faze 2 in Units 1 and 1A and Best Kebab in Unit 2.

The planning permission includes a basement and ground floor for the commercial/retail unit. The internal layout is not yet determined, with a view to offering a flexible plan – that can be adapted to suit an end user. The layout would be arranged to incorporate a kitchen & disabled WC facility should it become a café / restaurant. There would also be areas for food preparation and storage, again arranged for a particular end user if required. The frontage of the proposal is predominantly aluminium framed glazed wrapping around the corner of Marina Road and Senna Road maximizing the visibility for the business that would eventually occupy the unit.

The upper floors will comprise of 5 residential units over 3 floors. The building includes a lift to ensure accessibility for all. The permission is for 2 units on the first floor, 2 units on the second floor and a larger unit extending to the full width of the plot on the third (top) floor.

Planning permission reference number: 21/01119/B. Permission expires 29th March 2026.



Location

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Marina Road
Douglas IM1 2HE
County: Isle of Man
Sale Type: For Sale
Ref #: DR3001
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere