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Kingsley House 1 Atholl Place 1,229 sq ft Vacant Retail Property Isle Of Man IM5 1HE £175,000 (£142.39/sq ft)
Investment Highlights
- Freehold mixed-use investment
- Separate residential access to upper floors
- Yard, cellar and external storage/WC
- Prominent shop frontage at street level
- Three-bedroom residential accommodation
- Significant refurbishment and asset-management potential
Executive Summary
Kingsley House at 35 Factory Lane, Peel is a freehold mixed retail and residential property offered at an asking price of £175,000. The asset comprises a ground-floor commercial unit with ancillary storage, cellar and yard, alongside a separately accessed three-bedroom residential maisonette above. The property is vacant and requires full refurbishment throughout, presenting a clear value-add and redevelopment opportunity. The asset is being sold as seen and restricted to cash buyers only, making it suitable for investors or owner-occupiers seeking a repositioning or change-of-use opportunity, subject to consents.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,229 sq ft
Costar Property Class
C
Year Built
1900
Price
£175,000
Price per sq ft
£142.39
Occupancy Rate
Vacant
Number of Floors
3
Plot ratio
0.61
Total Plot Size
0.05 ac
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Kingsley House | 1 Atholl Place
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