Outstanding Investment and Development Opportunity

An exceptional and highly versatile property offering a rare combination of commercial, investment and residential redevelopment potential in an exceptionally central town-centre location.

Recently redeveloped to a high standard, the property provides modern, light and airy office accommodation, thoughtfully designed to create an attractive and flexible working environment. A substantial rear extension has significantly increased the overall floor area, providing an impressive amount of additional accommodation and making this an excellent headquarters opportunity for an established or growing business.

The property was originally configured as two separate properties, and there is considerable flexibility to reinstate the accommodation as two individual office units. The building has been specifically future-proofed with this flexibility in mind, being fully wired for Cat5 data cabling and with separate electricity supplies to each floor and unit, making the potential division of the property particularly straightforward for future occupiers or investors. This provides an investor with the potential to create two separate rental opportunities, potentially increasing both the property's overall rental income and its future investment value.

The versatile accommodation also lends itself to a variety of professional uses. With the continued growth of private healthcare, including private medical practices and dentistry on the Isle of Man, the property could potentially provide an excellent setting for a private doctor's surgery, dental practice or other professional healthcare facility, subject to any necessary planning, regulatory and statutory approvals. Its central Douglas location, substantial accommodation and four covered private parking spaces could make it particularly attractive to a growing private healthcare business looking for a prominent and accessible location.

The property would equally suit an established or growing company seeking a substantial headquarters in the heart of Douglas. Its central position provides excellent accessibility for staff and clients, whilst the modern infrastructure and flexible configuration offer the ability to adapt the accommodation to suit a variety of business requirements.

The property's flexible configuration also provides an attractive opportunity for an owner occupier to rent out one of the two units to generate an income, whilst retaining the other for their own business use. This could provide an effective way for a growing business to offset its property costs initially, with the option to expand into the additional accommodation at a later stage as the business grows, providing both flexibility and a clear long-term growth strategy.

For those considering a longer-term redevelopment opportunity, the property also offers exciting potential for conversion into two substantial townhouses, subject to planning permission and all relevant statutory requirements. The existing accommodation and generous floor space provide an excellent basis for creating two very good-sized residential properties, each benefiting from two private off-street parking space. The opportunity to create two substantial townhouses with private parking in such a central location is particularly rare and could provide significant added value through residential redevelopment.

From a commercial perspective, the location is equally compelling. Positioned within the heart of Douglas's financial and central business district, the property is surrounded by mainstream high street banks, international businesses, professional firms, government offices, the courts and a wide range of established commercial and professional services. This makes it particularly well suited to a growing company looking for a prominent and convenient headquarters, with excellent accessibility for both staff and clients.

The property is available for immediate occupation, providing flexibility for an owner occupier, investor or developer. Whether retained as a substantial modern office, reinstated as two separate commercial units, adapted for a professional healthcare use, or explored as a residential redevelopment opportunity, the property offers a rare degree of flexibility and multiple potential routes to enhance both income and capital value.

A further significant advantage is the provision of four covered private parking spaces, an exceptionally valuable and increasingly rare feature for a property of this size and in such a central town-centre position.

• Henry Bloom Noble