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1 Lake Road 1 Lake Road 1 Lake Road 1 Lake Road 1 Lake Road
For Sale

£1,500,000

Investment, Retail

1 Lake Road

Douglas, IM1

Investment, Retail For Sale

Ref: 1740

1 Lake Road

For Sale Investment, Retail

£1,500,000

Property Features

  • Residential Penthouse with Separate Flat
  • Commercial - Leased
  • Opportunity for Owner Occupier or Investor
  • High Quality Property Throughout
  • Close to Douglas Quay
  • Freehold

About this property

Location
The property is situated in a mixed commercial / residential /leisure and former light industrial area adjacent to the Harbour, central business district. The location benefits from the close proximity of all amenities and services provided by the town center of Douglas. The property can be found by travelling towards the Quay West Apartment complex turn towards the Tesco Superstore and the property can be found on the left hand side clearly identified by the Alighn4 Life Health Clinic signage.

Description
This property is in a high profile location and benefits from the open plan footprint which has flexibility of alternative uses and therefore is a rare mix of high quality units comprising of residential, a Penthouse which is occupied by the Owner on the Second Floor and a separate rented flat on the First floor and commercially leased units on the Ground and First Floors.

Accommodation
Freehold subject to commercial tenancies the principle Tenant on the Ground and First Floors is Align4 Life Limited and holds a lease commenced on the 1st June 2019 until June 2029. Leases are available to view on terms and conditions.

Align4 Life Limited also rent a rear area on the first floor on an informal basis. Clarification as to terms and conditions can be made available.

The separate flat on the First Floor is presently rented on an informal basis and the rent includes rates, heating and lighting. The approx. size of the one bed room flat
is 538 sq. ft.

Penthouse
This is situated on the Second Floor of the property and represents outstanding high quality spacious and versatile accommodation. The access to the Penthouse is by private door entrance with security system. On entering the hallway there is a private lift up to the Penthouse which offers extra privacy and security only accessible by the occupier.

The Owner has the benefit of ancillary areas on the Ground floor namely an entertainment room adjoining shower and toilet facilities, laundry and storage areas and main boiler room.

The Penthouse is fitted out with high quality fixtures and fittings with a wide range of spacious living accommodation the approx. area is 2872 sq. ft. area NIA plus patio area.

Entrance from the Lift into main Lounge / Accommodation Areas.

Additional Information

Tenure
Freehold
Sale by
Private Treaty
Property type
Investment, Retail
Array
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DeanWood Estate Agents
Branch Address
Douglas Office
37 Victoria Street
Douglas
IM1 2LF
Phone Number
01624620606
Email Address
Email Now

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