27 Duke Street, Douglas, Isle of Man, IM1 2AZ

£360,000 OIRO

Key Features

FOR SALE - £360,000 (No VAT)  2,175 sq. ft TO LET - see individual floors in Overview
  • Mixed Use Owner Occupier / Investment Opportunity, comprising of Ground Floor Retail, Basement Storage Space and 1st, 2nd and 3rd Floor Office Accommodation.
  • Located in the centre of Regent Street, being the arterial route for footfall between the main bus station and Strand Street.
  • Ground Floor Double Fronted Shop with Recessed Door.
  • Separate Access to Upper Floors with Potential to Convert to Residential under the Town & County Planning (Change of Use) (Development) (No.2) Order 2019 (As Amended)

Overview

DESCRIPTION
Opportunity to owner occupy a 4 storey building (including basement) or acquire a mixed-use investment.
LOCATION
Duke Street forms part of the pedestrianised town centre area which leads directly into Strand Street. No. 27 can be approached by turning off Victoria Street onto Duke Street where the property can be found on the right-hand side.
ACCOMMODATION
Basement & Ground Floor: Approx 460 & 650 sq ft
Quoting Rent: £12,000 per annum (No VAT)
Retail Sales Area
Kitchen
WC
Storage Space
First Floor: Approx 750 sq ft
Quoting Rent: £10,000 per annum (No VAT)
3 x Office space
Reception Area
Newly Fitted Kitchen
Second Floor: Approx 415 sq ft – LET
Open Plan Office space
WC
Third Floor: Approx 360 sq ft – LET
Office Space
WC
LEASE TERMS/REPAIRING OBLIGATIONS
A new lease is available on effective FRI terms by way of service charge. Tenant to pay rates, insurance, utilities and service charge for common area maintenance.
RENT REVIEWS
Standard three yearly upward only rent reviews.
SERVICES
Mains services are installed.
TENURE
Vacant possession on completion of legal formalities.
LEGAL FEES
Each party to pay their own legal fees.
VIEWING
Strictly by appointment through Black Grace Cowley.

At a Glance

  • Price
    £360,000 OIRO
  • Status
    Available
  • Tenure
    Freehold
  • Type
    Investment
  • Area (sq.ft)
    2,175

Contact the Agent

Contact the Agent

Ben Quayle

ben@blackgracecowley.com

01624 645550

Key Features

FOR SALE - £360,000 (No VAT)  2,175 sq. ft TO LET - see individual floors in Overview
  • Mixed Use Owner Occupier / Investment Opportunity, comprising of Ground Floor Retail, Basement Storage Space and 1st, 2nd and 3rd Floor Office Accommodation.
  • Located in the centre of Regent Street, being the arterial route for footfall between the main bus station and Strand Street.
  • Ground Floor Double Fronted Shop with Recessed Door.
  • Separate Access to Upper Floors with Potential to Convert to Residential under the Town & County Planning (Change of Use) (Development) (No.2) Order 2019 (As Amended)

Recently Viewed Properties

27 Duke Street
Douglas

£360,000

  • Tenure
    Freehold
  • Type
    Investment
  • Status
    Available
  • Area (sq.ft)
    2,175 - 2,175