8 Victoria Street, Douglas, IM1 2LH

£479,000

Key Features

  • Prime position,modern commercial property, arranged over five floors, in the town centre of Douglas.
  • Within easy walking distance of all the town centre’s amenities.
  • Fully tenanted.
  • Fabulous views over Douglas Promenade from rear floors.
  • Open plan suites with own kitchenettes.
  • Current Rental Income - £42,000 per annum (yield of 8.75%).

Overview

DESCRIPTION
Great opportunity to purchase a prime situated
commercial property in the centre of Victoria
Street, the main thoroughfare leading through
the business and retail sector of town. Victoria
Street is an established commercial location with
occupiers including Barclays Bank, Lloyds Bank
and Plan.com. The property itself extends to
approximately 4,283 sq.ft of largely open plan
accommodation on the ground floor and good
sized open offices on the upper floors.
LOCATION
Travelling down Victoria Street from Prospect
Hill, continue past the junction with Strand
Street/Duke Street where the property can be
found on the left hand side.
ACCOMMODATION
• Basement – Approximately 800 sq.ft
• Ground Floor – Approximately 1,006 sq.ft
• First Floor – Approximately 941 sq.ft.
Open plan office space with WC.
• Second Floor – Approximately 954 sq.ft
Open plan office space.
• Third Floor – Approximately 582 sq.ft
1 x Office to rear with kitchenette and views
across Douglas Bay.
1 x Office to front.
WCs to communal areas

At a Glance

  • Price
    £479,000
  • Status
    Available
  • Tenure
    Freehold
  • Type
    Investment
  • Area (sq.ft)
    4,283

Contact the Agent

Contact the Agent

Sharon Gelling

sharon@blackgracecowley.com

01624 645550

Key Features

  • Prime position,modern commercial property, arranged over five floors, in the town centre of Douglas.
  • Within easy walking distance of all the town centre’s amenities.
  • Fully tenanted.
  • Fabulous views over Douglas Promenade from rear floors.
  • Open plan suites with own kitchenettes.
  • Current Rental Income - £42,000 per annum (yield of 8.75%).

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