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Mixed use for sale
Property description & features
- Sale by informal tender
- Attractive restaurant and one bedroom maisonette
- Situated in a prime location
- Deadline for submission of offers by midday Monday 9th September 2024
- Garage at the rear
- Both units are self contained
A rare opportunity has arisen to acquire a prime mixed-use property on Bucks Road in Douglas. This unique offering features a well-sized restaurant and a modern one-bedroom maisonette, complete with a single garage, all situated in a highly sought-after location.
The restaurant boasts two spacious dining areas, a bar, a large kitchen with ample storage rooms, two WC's, and a converted attic room ideal for an office. The kitchen equipment is included in the sale, making this a turnkey opportunity for any aspiring restaurateur. The total area of the restaurant is 1,259 sq ft.
The beautifully presented maisonette includes a large open-plan lounge and kitchen with a Juliet balcony, and a bedroom with an ensuite shower room. Registered for three persons, the maisonette spans 564 sq ft.
At the rear, you'll find a garage with a roller shutter door and a pedestrian door, covering 263 sq ft.
Our client invites offers for the freehold interest in this property via informal tender. Offers should be sent by post or email [use Contact Agent Button], marked for the attention of Darrel Tinnion, by midday on Monday, 9th September 2024. The guide price for the property is £345,000.
Open viewings are scheduled for 21st August, 28th August, and 4th September 2024, between 12pm and 1pm.
The restaurant unit will be vacant upon possession, while the maisonette is currently tenanted on a 12-month lease from 1st July 2024, generating a rental income of £850 per month.
This is an exceptional opportunity to invest in a versatile property with significant potential. Don't miss your chance to secure this outstanding asset in a prime location.
Location
The property is located off Bucks Road in the heart of Douglas within walking distance of the Government Buildings, Law Court and shopping facilities of central Douglas.
Possession
Vacant possession on completion of all legal formalities.
Legal Costs
Each party to pay their own legal costs
Viewing
Strictly by prior appointment through the Sole Agents, Chrystals Commercial.
Tenure: Freehold
Property information from this agent
Places of interest
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