142 Bucks Road, Douglas

A rare opportunity has arisen to purchase this prime leasehold property prominently situated at the junction of Bucks Road and Windsor Road and is adjacent to the local shopping destination of Prospect Terrace.

The self-contained retail unit comprises of a ground floor retail area and first floor storage totalling 880 sq ft. The unit was leased by Premier Kitchens on a passing rent of £12,000 pa on a 5 year term ending 6th August 2023. The landlord and tenant have verbally agreed that the tenancy will continue subject to a 1 month notice period from either the landlord or tenant to terminate the lease. Therefore vacant possession may also be available by agreement between the parties if required. A copy of the expired lease is available to interested parties who should obtain their own legal advice concerning tenancy and other matters concerning the property.

The first floor is in need of renovation work.