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Mixed use property for sale

27 Duke Street, Douglas

£360,000
Chrystals, Isle of Man
PROPERTY TYPE

Mixed Use

SIZE

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Key features

  • Situated in a prime location
  • Area: 2,175 sq ft
  • Potential to achieve £27,780 per annum when fully let
  • Mixed use investment property

Description

An exceptional opportunity to acquire a mixed-use investment property situated on one of Douglas's main shopping streets.This well-maintained building, benefitting from recent refurbishment works to the roof and chimney stacks, offers strong rental potential with room for future growth.The ground floor, spanning 650 sq ft and registered for retail use, is currently vacant. Previously occupied by a stylish boutique salon, the space includes a generous retail area, a kitchen, and a WC, making it highly attractive to a wide range of prospective tenants.The first floor, designated for office use, extends to 750 sq ft and is also vacant, presenting an excellent opportunity for businesses seeking high-quality office space. It comprises three suites, a welcoming reception area, and a newly installed kitchenette.The second and third floors, also registered for office use, are securely let to an engineering company, providing a steady rental income. The second floor offers 415 sq ft of open-plan office space with its own WC, while the third floor comprises an additional 360 sq ft of office space with its own WC.A 460 sq ft basement is available for additional storage or could be rented separately.With a current rental income of £8,280 per annum and the potential to achieve £27,780 per annum when fully let, this property represents an excellent investment opportunity. The combination of retail and office accommodation in a prime location ensures strong tenant demand and significant scope for rental growth.

Brochures

Property BrochureFull Details

27 Duke Street, Douglas

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Nethertown Station42.6 miles

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.

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Disclaimer - Property reference 12617874. 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.

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