St Georges Tower, Hope Street, Douglas

  • Asking price: £3,500,000/ Excl.
Hope Street, Douglas
For Sale
Hope Street, Douglas
  • Asking price: £3,500,000/ Excl.

Overview

  • Commercial
  • Property Type
  • 0   
  • Bedroom
  • 0   
  • Bathroom
  • 11397
  • Sq Ft

Description

  • Modern building of superb quality which was completed in 2013
  • St George’s Tower is a prime multi let office building providing around 11,397 sq ft with onsite parking for 10 vehicles
  • Top floor has access to a private roof terrace providing panoramic views over the surrounding countryside
  • A superb opportunity for owner occupation of the vacant floors
  • Total passing and potential rent of £257,549 per annum
  • Gross yield of around 7.36% on the total passing and potential rent

An opportunity has arisen to purchase this freehold prime office building occupying a prominent position in the main financial and office area in Douglas.

St George’s Tower comprises a modern steel frame building of some 11,397 sq ft constructed in 2013 which has raised access floors, suspended ceilings with recessed lighting, and 3 pipe fan coil heating and cooling systems. The building has an attractive entrance foyer and common parts and is served by a lift. The top floor office has private access on to a roof terrace which provides panoramic views over the surrounding countryside. 10 onsite parking spaces are provided in the basement.

Current rent of £48,243 per annum with an additional potential rent of £209,306 per annum following the leasing of the vacant floors and 10 car parking spaces. Total passing and potential rent £257,549 per annum.

Property Documents

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Details

Updated on June 14, 2023 at 2:30 pm
  • Property ID: DR3501
  • Price: Asking price: £3,500,000/ Excl.
  • Property Size: 11397 Sq Ft
  • Bedroom: 0   
  • Bathroom: 0   
  • Property Type: Commercial
  • Property Status: For Sale

Additional details

  • Modern building of superb quality which was completed in 2013:
  • St George’s Tower is a prime multi let office building providing around 11,397 sq ft with onsite parking for 10 vehicles:
  • Top floor has access to a private roof terrace providing panoramic views over the surrounding countryside:
  • A superb opportunity for owner occupation of the vacant floors:
  • Total passing and potential rent of £257,549 per annum:
  • Gross yield of around 7.36% on the total passing and potential rent:
  • Address Hope Street
  • Area Douglas

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