Unit 2 Quay West, Bridge Road, Douglas, IM1 5AG

Description

Investment Summary • Opportunity to purchase a prime commercial unit in an idyllic setting on the Quay • Attractive single let investment located in Douglas town centre • Constructed in 2011 within an award-winning waterfront development • The property provides 3,875sq/ft of high quality accommodation and 6 secure basement car parking spaces • Let to JTC Trustees (IOM) Limited, with JTC Group Limited acting as guarantor • Let on a 10 year term from 03.08.2020 with tenant break option at the end of year 6 • Initial rent is £78,400 per annum, subject to upward only rent reviews every third year linked to Isle of Man Retail Price Index • Sale price for the long leasehold interest of the property is £900,000+ vat (subject to contract) Location Occupying a prime position on the Quay, the property benefits from a convenient, central location close to local amenities. Transport and commuting links are excellent with the Lord Street Bus Station close by and Ronaldsway Airport only 9 miles away. North Quay is within easy walking distance and has fast become one of the most popular dining destinations and is home to many of the Island’s most popular restaurants and bars. The island’s main shopping district is just five minutes’ walk away and features a mix of local independent retailers and national brands including Marks & Spencer store and coffee shop, Boots, JD Sports, Next, River Island, Sports Direct, TopShop and more. Description Unit 2 Quay West provides 3,875sq/ft (360sq/m) of prime commercial space arranged over ground and basement level. The property was constructed in 2011 and is located within Dandara’s prestigious Quay West development of luxury apartments. There are 6 secure car parking spaces within the basement car park. Internally, the property benefits from a Gr…