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35 Circular Road 5,833 SF Retail Building Isle Of Man IM1 1AD $1,038,118 CAD ($177.97 CAD/SF)

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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.

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