1-7 Avondale Court, Onchan, IM3 1AD

£850,000 OIRO

Key Features

  • A rare opportunity to acquire a multi-unit retail investment comprising of 7 Units – (currently laid out as 3 single and 2 double).
  • Central Onchan location, with own private car park.
  • Opposite The Village Walk Shopping Centre and soon to be, Tesco Supermarket.

Overview

DESCRIPTION
Commercial investment opportunity with
established tenants in a popular development
benefiting from its own private car parking.
THE OPPORTUNITY
The Retail Complex, including the car park, is
offered at an asking price of £850,000. We
understand the Complex is currently not
registered for VAT and therefore no VAT will be
application on the sale price.
ACCOMMODATION
The site comprises of a total of seven units,
currently laid out to provide two double units
and three single units. On site users include
beauty salon, dental surgery, physiotherapy and
hairdressers.
We understand that the overall site extends to
approximately 1,240sqm or 0.30acres.
UNIT SIZE
Unit 1 641 sq ft Hairdresser
Unit 2 634 sq ft Physiotherapy
Unit 3 1,271 sq ft Dentist
Units 4&5 1,519 sq ft Available to Lease
Units 6&7 990sq ft Beauty Salon
CURRENT INCOME  £55,188 PA
POTENTIAL FULLY LET  £74,188 PA
LOCATION
The site is located immediately opposite
Shoprite (soon to be re-branded and refurbished
as a TESCO store) and the Village Walk Shopping
Centre.
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LEASE TERMS
There are individual leases in place for each of
the units on Internal Repairing Terms, details will
be made available to bona-fide purchasers.

At a Glance

  • Price
    £850,000 OIRO
  • Status
    Sold
  • Tenure
    Freehold
  • Type
    Investment
  • Area (sq.ft)
    5,055

Contact the Agent

Contact the Agent

Sharon Gelling

sharon@blackgracecowley.com

01624 645550

Key Features

  • A rare opportunity to acquire a multi-unit retail investment comprising of 7 Units – (currently laid out as 3 single and 2 double).
  • Central Onchan location, with own private car park.
  • Opposite The Village Walk Shopping Centre and soon to be, Tesco Supermarket.

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