Photographs
About this property
• Well established / popular bakery on the main thoroughfare of Douglas City Centre for sale at £150k• Leaseback of prime located property upon completion of the business sale at £35,000 per annum• Investment property for sale upon completion of the business sale and leaseback at £450,000 reflecting a gross yield of 7.78%• Glass fronted shop with potential to convert upper floors to apartments under the Town & Country Planning (Change of Use) (Development) (No.2) Order 019 (As Amended)
DESCRIPTION
Three storey masonry building with ground floor shop and upper floor storage with potential to convert to apartments.
LOCATION
Duke Street forms part of the pedestrianised town centre area which leads directly into Strand Street. No. 60 can be found directly opposite the second entrance of Marks & Spencer on the left hand side
STEP 1
Business Sale of Pat A Cake Bakery – £150k.
STEP 2
Lease from Pat A Cake Bakery to Vendor at £35k per annum
STEP 3
Sale of Investment Property at £450k, reflecting a gross yield of 7.78%.
RATES
Douglas City Council: £2,128.27 (2026 / 2026)
Treasury: £2,672.80
LEASE TERMS/REPAIRING OBLIGATIONS
A new lease is available on effective FRI terms. Tenant to pay rates, insurance, utilities and service charge.
Specification
Where it is
Locations are shown to the nearest village or district, as supplied by the marketing agent.
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