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6 + 7 Peveril Buildings, Loch Promenade, Douglas

Typical Floor Plan
1

Key features

  • Development opportunity
  • Ground floor tenanted to Tigh Fitz Bar and Nightclub achieving £30,000 per annum
  • Situated on Loch Promenade with uninterrupted sea views
  • Upper floors offer a blank canvas for conversion

Description

A rare and exciting opportunity has arisen to acquire a substantial freehold property in a prime, central location on Douglas's prestigious Loch Promenade. Spanning 18,500 sq ft, this landmark building offers both secure rental income and outstanding potential for future development — making it an ideal proposition for investors and developers.Currently tenanted on the ground floor and basement is the well-known Tigh Fitz Bar and Nightclub, trading as normal with the business unaffected. This element alone generates a solid rental income of £30,000 per annum, providing an immediate return on investment.Above the bar and club, the upper floors, which once comprised two hotels, have been stripped back to open plan layouts — offering a blank canvas for conversion. With the backdrop of panoramic, uninterrupted sea views, the space lends itself perfectly to the creation of luxury apartments, boutique hotel suites, or other creative commercial or residential uses, subject to any necessary consents.This is a standout property in one of the Isle of Man's most prominent locations, with dual appeal: income-producing from day one and offering exceptional long-term development potential.The vendor is open to part-exchange discussions and will consider offers, making this an even more attractive and flexible investment proposition.

Location

Travelling along Loch Promenade in the direction of the Sea Terminal, continue past Victoria Clock situated at the end of Victoria Street. The property can be identified on the right hand side to Walpole Avenue.

Floor Plans

Existing floor plans are available on request.

Possession

Vacant possession on completion of all legal formalities.

Viewing

Viewing strictly by prior appointment through the Agents, Chrystals Commercial.

Brochures

Property BrochureFull Details
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

6 + 7 Peveril Buildings, Loch Promenade, Douglas

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About Chrystals, Isle of Man

31 Victoria Street, Douglas Isle of Man IM1 2SE

Chrystals - a name that has meant "Property" on the Isle of Man for over 165 years - founded in 1854 and owned and run for generations by Chartered Surveyors - we are proud of our heritage and excited about our future.

With 2 prominent high street offices, a top performing website and social media presence, www.chrystals.co.im is the place to find, sell and rent all types of Isle of Man property.

We are a firm who innovates and evolves whilst always maintaining core values of personal service, professionalism and integrity - trust our friendly experienced team with all your property requirements.

We are Isle of Man Registered Estate Agents, Regulated by the RICS and are RICS Registered Valuers.

Your mortgage

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Monthly repayments
£4,652
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Disclaimer - Property reference 6993294. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Chrystals, Isle of Man. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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