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86 Strand Street, Douglas, IM1 2EP.

For Sale Unit

86 Strand Street, Douglas, IM1 2EP.

Douglas

Asking Price

£2,000,000

About This Property

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.

Key Features

Type

Investment

Tenure

Freehold

Area Sqft

5,238

Property Features

  • 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.

86 Strand Street, Douglas, IM1 2EP.

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Listed by

Ben Quayle

Black Grace Cowley

01624 645550 [email protected]

Contact the agent directly to enquire about this property.

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Mortgage Calculator

Deposit
£
20%
Interest Rate
%
Mortgage Term
years

Estimated monthly payment

£8,107

Latest rates

HSBC Channel Islands and Isle of Man

2 year fixed

4.79%

Santander International

5 year fixed

5.09%

Barclays Isle of Man

2 year fixed

5.26%

NatWest International

2 year fixed

5.39%

Conister Bank

5 year fixed

7.07%
Compare all mortgage rates

This is an estimate for illustration only and does not constitute financial advice. Subject to lender criteria.

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