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An exceptional opportunity has arisen for businesses looking to secure a long-term presence in a strategic industrial location. The Department of Infrastructure is inviting proposals for a ground lease on this well positioned site, offering a rare chance to develop a space tailored to your operational needs.
Covering 0.10 acre, this plot benefits from an industrial use designation, making it ideal for a range of commercial and industrial purposes. While Unit 298 requires demolition, this presents a blank canvas for prospective tenants to create a purpose-built facility that maximizes the site’s potential. To support development, the Department of Infrastructure is open to considering incentives, subject to the terms proposed.
The lease is offered on a 99-year term with MRPI rent reviews every five years, providing long-term stability and the opportunity to establish a lasting base for your business.
With flexible terms and a unique opportunity to shape the site to suit your requirements, this is a prospect not to be missed.
Residential Sales
T: 01624 623778
E: douglas@chrystals.co.im
Residential Sales
T: 01624 833903
E: porterin@chrystals.co.im
T: 01624 625300
E: douglasrentals@chrystals.co.im
T: 01624 625100
E: commercial@chrystals.co.im
T: 01624 625100
E: commercial@chrystals.co.im
T: 01624 625100
E: rural@chrystals.co.im
Registered Office: Chrystal Bros. Stott & Kerruish Ltd. T/A Chrystals, 31 Victoria Street, Douglas, Isle of Man IM1 2SE
Registered in the Isle of Man No. 34808 | VAT Registration Number: 001090349
Directors: Shane Magee MRICS, Neil Taggart MRICS, Joney Kerruish MRICS & Dafydd Lewis MRICS
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