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Commercial development

Commercial development
Added > 14 days

Features and description

  • Permitted planning permission for the demolition and erection of retail/commercial unit and 5 apartments
  • Planning permission number 21/01119/B
  • Situated in a prime location
  • Sitting tenants attracting a good yield of 9.15%
An opportunity to purchase this site in a prime location with permitted planning permission for the demolition of the existing building and erection of a high quality mixed use building with commercial/retail on the ground floor and 5 apartments above.

The site is located at the corner of Marina Road and Senna Road, which is a northerly extension of Strand Street, the main retail centre of Douglas. The building is currently occupied by Faze 2 in Units 1 and 1A and Best Kebab in Unit 2.

The planning permission includes a basement and ground floor for the commercial/retail unit. The internal layout is not yet determined, with a view to offering a flexible plan - that can be adapted to suit an end user. The layout would be arranged to incorporate a kitchen & disabled WC facility should it become a café / restaurant. There would also be areas for food preparation and storage, again arranged for a particular end user if required. The frontage of the proposal is predominantly aluminium framed glazed wrapping around the corner of Marina Road and Senna Road maximizing the visibility for the business that would eventually occupy the unit.

The upper floors will comprise of 5 residential units over 3 floors. The building includes a lift to ensure accessibility for all. The permission is for 2 units on the first floor, 2 units on the second floor and a larger unit extending to the full width of the plot on the third (top) floor.

Planning permission reference number: 21/01119/B. Permission expires 29th March 2026.

Tenure: Freehold

Property information from this agent

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 providing the Island with a first-class service. We have invested a great deal of time and effort in producing the Isle of Man's premier property website. Our dedicated team of online editors update the site daily so you'll hear about the latest properties for sale first.
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