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Retail property (high street) for sale

Manannan House, Market Street, Castletown
Retail property (high street)
Added > 14 days

Features and description

  • Investment opportunity
  • Area: 7,153 sq ft
  • Fully tenanted
  • Rental income: £76,740 per annum
  • Occupies one of the most prominent locations on Market Square
This exceptional investment opportunity allows you to acquire a historically significant former Town Hall with breathtaking views of Castle Rushen. Ideally located within walking distance of all Castletown's amenities, the property is just a few minutes' drive from the airport and only 15 minutes from Douglas City Centre.

Located prominently on Market Square, this five-story building has undergone meticulous refurbishment to provide top-tier retail and leisure facilities. Fully tenanted, the property hosts CoffeeCraft Limited on part of the ground floor and basement, while Evolution Fitness Limited occupies the rest of the building. The property also includes five parking spaces situated at the rear.

The property generates a current passing rent of £76,740 per annum, yielding a gross yield of 8.25%. For more information or to arrange a viewing, please contact us today.

Tenure: Freehold

Property information from this agent

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About this agent

Chrystals Estate Agents - Douglas
Chrystals Estate Agents - Douglas
31 Victoria Street Douglas, Isle of Man IM1 2SE
020 8022 1282
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No matter what type of property you are looking for, we will endeavour to find the one that fulfils all your needs. After discussing your requirements, we will
assist you every step of the way as you look for your new home. With hundreds of properties on our books at any one time, we have something for every
budget and taste. Whether you're looking for a one-bedroom town flat, or a country mansion, you'll find it with Chrystals. With decades of experience, the
Chrystals team has seen it all. With an intimate knowledge of the intricacies unique to the Manx property market, we pride ourselves on providi... Show more
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