New Lease for a straight 15 year term with no breaks.
Initial rent of £130,000 per annum, reflecting a gross yield of 6.5%.
5,238 sq.ft high quality retail unit with ancillary storage.
Modern prurpose built 3 storey retail unit with glazed frontage.
Loading facility to the rear via Strand Lane.
Overview
DESCRIPTION
Modern purpose-built retail unit arranged over three storeys. Ground and first floor has been fitted out to a high standard with second floor storage. The unit benefits from air conditioning to the main retail areas and staff break-out areas. Loading facilities are provided to the rear of the building from Strand Lane with a goods and staff lift to the rear of the unit.
LOCATION
The property is situated in Strand Street, the main shopping street in Douglas city centre. In addition to the Strand Centre, occupied by Sports Direct and Flannels, nearby units include Next, Monsoon, Clarks, Costa, Pandora, TK Maxx, TJ Hughes and JD Sports as well as local retailers.
