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35 Circular Road 5,833 sq ft Retail Property Isle Of Man IM1 1AD £550,000 (£94.29/sq ft)



Investment Highlights
- Prominent central Douglas freehold opportunity
- Potential for redevelopment or residential conversion, subject to planning
- Located close to the town centre and financial district
- Traditional sash windows and three-phase power supply
Executive Summary
Freehold sale with vacant possession. The accommodation is arranged over five floors and provides a combination of retail, storage and ancillary commercial space. The ground floor comprises retail sales accommodation with a corner office, while the first floor provides additional retail and storage areas together with a kitchenette and WC. Upper floors comprise a series of cellular rooms suitable for office, storage or alternative commercial uses, and the basement offers further open-plan ancillary accommodation with rear access.
The property offers asset management, refurbishment and redevelopment potential, including possible residential conversion of the upper floors subject to planning permission, Suitable for investors seeking value-add opportunities, developers pursuing conversion potential, or owner-occupiers. Available at a guide price of £550,000.
The property offers asset management, refurbishment and redevelopment potential, including possible residential conversion of the upper floors subject to planning permission, Suitable for investors seeking value-add opportunities, developers pursuing conversion potential, or owner-occupiers. Available at a guide price of £550,000.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Size
5,833 sq ft
Costar Property Class
C
Year Built
1950
Price
£550,000
Price per sq ft
£94.29
Tenancy
Single
Number of Floors
5
Plot ratio
3.22
Total Plot Size
0.04 ac
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Nearby Major Retailers
1 of 15
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35 Circular Road
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