0 bedrooms, 0 bathrooms, 0 receptions
Property reference: DOU-1HLR12F9XL3
An exciting opportunity to purchase a site in the main retail centre of Douglas. Located at the corner of Marina Road and Castle Street. The site has planning approval for the demolition of the existing building and erection of a high quality mixed use building with commercial/retail on the ground floor and 5 apartments above. The building is currently occupied by Mann 3 in Units 1 and 1A and Best Kebab in Unit 2. Tenants attract a good yield of 7.10%.
The planning permission includes a basement and ground floor for the commercial/retail unit. The internal layout is not yet determined, with a view to offering a flexible plan – that can be adapted to suit an end user. The layout would be arranged to incorporate a kitchen & disabled WC facility should it become a café / restaurant. There would also be areas for food preparation and storage, again arranged for a particular end user if required. The frontage of the proposal is predominantly aluminium framed glazed wrapping around the corner of Marina Road and Castle Street maximizing the visibility for the business that would eventually occupy the unit.
The upper floors will comprise of 5 residential units over 3 floors. The building includes a lift. The permission is for 2 units on the first floor, 2 units on the second floor and a larger unit extending to the full width of the plot on the third (top) floor. Please note high quality plans can be emailed to you, or available to view in our office.
SERVICES Mains water, electricity and drainage are installed. Gas central heating PLANNING INFORMATION: Reference number: 21/01119/B. Permission expires 29th March 2026. OFFERS and VIEWING Strictly by appointment through the Agent, Harmony Homes. POSSESSION Freehold.
These particulars, although believed to be correct, are for information only and do not constitute or form any contract nor should any statement contained therein be relied upon as a presentation of fact. Neither the seller, Harmony Homes, nor any employee of the firm has the authority to make any representation or warranty whatever in relation to the property and cannot accept liability for any error or errors in the particulars. It is the sole responsibility of any prospective purchaser or lessee to verify the description of the property and make his own proper enquiries, searches and inspection.