No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Ground Floor Dining
£600,000
Added > 14 days

Restaurant for sale

5-7 John Street, Douglas
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Restaurant
0 bed
0 bath

Property description & features

  • Freehold restaurant property
  • Situated in the heart of Douglas
  • Split across four floors
  • Investment opportunity
  • Area: 2,517 sq ft
  • Rent: £32,500 per annum
A rare opportunity to acquire a tenanted freehold restaurant property located in the heart of Douglas, just minutes from the city's primary retail area. This historic building, one of the capital's oldest, presents an ideal investment opportunity, generating an annual rental income of £32,500. The current lease is secured for a term of five years from August 2024.

The premises offer a unique and inviting layout, spanning four floors with a total area of 2,517 sq ft. It features four intimate dining areas, including private dining rooms, providing a warm and inviting atmosphere. The property is equipped with a fully operational commercial kitchen, a dedicated prep area, multiple storage rooms, an outbuilding, and a courtyard.

Location
Centrally located in the heart of Douglas, the property can be found just off Ridgeway Street along John Street.

Services
All mains services are connected. Gas fired central heating.

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

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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.