North Quay, Douglas, Isle of Man, IM1 4LB, Douglas, North

Description

Directions The property can be found on the main stretch of the North Quay in Douglas accessed by either vehicle or by pedestrian walkway next to The British Public House. Description & Ancillary Information The property is situated in a much sought after central town location on the North Quay in Douglas a multipurpose high-quality property comprising of a spacious adaptable ground floor restaurant with a fully fitted commercial kitchen, a large ancillary basement area comprising of a dry storage, staff work area and customer toilet facilities. The property is complimented by spacious family living accommodation over three floors with a separate entrance leading to a superior tastefully designed and decorated five bedroom apartment comprising of a large reception room, fully fitted modern kitchen with a breakfast area, bath / shower room, storage and utility rooms. The apartment in the main benefitting from frontal panoramic views over the surrounding Marina. The property offers the potential to an entrepreneurial owner occupier or investor a ready to go opportunity for a business and substantial comfortable living accommodation within the growing mixed leisure and commercial environment of the North Quay. The whole of the property is offered for sale in the first instance subject to the present apartment 12 month lease. The rental income for both the restaurant and apartment on full occupation would be circa £56,400pa. This consists of £24,000pa plus rates and insurance rent which will be an additional amount circa £3,600pa for the restaurant,for the apartment the rental would be circa £32,400pa (£2,700pcm) the landlord pays for the rates and building insurance contribution. The terms of the rental for the restaurant by a party would be based on full repairing and in