52 Strand Street, Douglas

£610,000 OIRO

Key Features

  • Retail investment opportunity available to purchase situated in a prime location within the heart of the Island’s premier retail and pedestrianised thoroughfare, Strand Street.
  • Let to Signet Trading Limited via an FRI lease until 23rd June 2028.
  • RPI linked rent review on the 25th June 2026 capped / collared at 1% / 4.5%.
  • Annual initial rental income - £55,000 per annum (No VAT).
  • Gross yield of 9.02% based on a quoting price of £610,000 (No VAT).

Overview

DESCRIPTION

This modern retail unit is occupied by H. Samuel, a national retailer. The property is occupied with an unexpired term of circa. 4 years. The property presents a well located and prominent retail unit in the heart of Strand Street, the Isle of Mans premier retailing district. Excellent condition throughout and includes retail area, rear office/kitchen and separate WC with storage/ancillary space to the first floor.  At the back of the unit there is a parking space/loading area.

LOCATION

Walking from Marks and Spencer on Strand Street, continue past TK Maxx.  The property can be found on the left-hand side opposite The Post Office.

ACCOMMODATION

Ground Floor: 989 sq ft NIA

  • Office: 49 sq ft approx NIA
  • Store: 385 sq ft approx NIA
  • Rear Store: 84 sq ft approx NIA

First Floor: 1,304 sq ft approx NIA

Second Floor: 1,073 sq ft approx NIA

Third Floor: 575 sq ft approx NIA

At a Glance

  • Price
    £610,000 OIRO
  • Status
    Under Offer
  • Tenure
    Freehold
  • Type
    Investment
  • Area (sq.ft)
    4,459

Contact the Agent

Contact the Agent

Sharon Gelling

sharon@blackgracecowley.com

01624 645550

Key Features

  • Retail investment opportunity available to purchase situated in a prime location within the heart of the Island’s premier retail and pedestrianised thoroughfare, Strand Street.
  • Let to Signet Trading Limited via an FRI lease until 23rd June 2028.
  • RPI linked rent review on the 25th June 2026 capped / collared at 1% / 4.5%.
  • Annual initial rental income - £55,000 per annum (No VAT).
  • Gross yield of 9.02% based on a quoting price of £610,000 (No VAT).

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