21-23 & 25 Castle Street, Douglas

Overview

DESCRIPTION
An excellent opportunity to purchase two adjoining freehold commercial units in the Islands
main retail thoroughfare. Currently trading as Curphey’s and Butler’s Choice, the retail units
are available with vacant possession of No 25; and part vacant possession of No 21-23.

Planning permission has been granted for 12 x 1 bed apts for the upper floors of 21-23.

The upper floors of 21-23 Castle Street are currently set out as office suites, subject to a
number of occupational leases and producing an existing rental income of circa. £51,000 pa,
with approximately 2,396 sq ft of additional space available to let.

No. 25 Castle Street is a self contained unit, with retail on the ground and first floors, and
ancillary offices and storage on the upper floors. Both properties have been substantially
rebuilt and both benefit from lifts.

The Northern end of Strand Street and Castle Street have been improved dramatically over
recent years with Sports Direct having purchased the Strand Shopping Centre in 2016. The
complex was refurbished and extended in 2017, introducing Flannels and Sports Direct to the
Island for the first time.