DeanWood Management Limited PRICE: 1,300,000 FOR SALE: INVESTMENT MILL COURT, HOPE STREET, CASTLETOWN, ISLE OF MAN

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1 FOR SALE: INVESTMENT MILL COURT, HOPE STREET, CASTLETOWN, ISLE OF MAN Prominent Corner Location Quality Office Building 5,212 sq ft over 2 floors Current Income 86,500 Full repairing and insuring terms On site car parking 5 year unexpired lease with further option. Raised Floors/Air Conditioning Financial Services Covenant PRICE: 1,300,000 Ref: 1252

2 DIRECTIONS Travelling into Castletown from the North/ proceed along Victoria Road past the filling station and continuing over the round about and proceed over the Bridge taking the next right into Hope Street and the subject premises can be found on the left just before the junction with Mill Street. DESCRIPTION A two storey end of terrace office building which occupies a prominent corner location benefitting from the close proximity of the Town centre. The office layout provides excellent flexibility with a mix of open plan and cellular offices. The property is currently occupied by Canada Life. For 5 years from October 2010 subject to a 3 year mutually rolling break after the expiry of 3 years. TENURE - Freehold subject to Tenancy TENANCY TENANT Canada Life LEASE TERM 5 years from November 2010 RENT REVIEW Every 3 years RATES To be advised. SERVICES Mains water, electricity and drainage are connected to the property. Central heating and hot water is provided by an oil fired boiler serving radiators through out the property. Air conditioning units are installed throughout the property VIEWINGS Strictly by appointment only with the Agents - (01624) , Option 2. These particulars are for information purposes and do not constitute or form part of any contract nor should any statement contained herein be relied upon as representation of fact. Neither the vendor nor (the firm ), nor any officer or employee of the firm accept liability or responsibility for any statement contained herein. The vendor does not by these particulars, nor does the firm, nor does any officer or any employee of the firm have any authority to make or give any representation or warranty whatsoever as regards the property otherwise. It is the sole responsibility of any person interested in the property described in these particulars to make all proper enquiries and searches to verify the description of the property and all other particulars herein. Ref: 1252

3 ACCOMMODATION From street steps up to main entrance into hallway left into: GROUND FLOOR RECEPTION (754 sq ft approx NIA) PRINCIPLE OFFICE (1911 sq ft approx NIA) KITCHEN (115 sq ft approx NIA) STORE ROOM (117 sq ft approx NIA) Ladies and Gents WCs Main stairs to: FIRST FLOOR LIBRARY (90 sq ft approx NIA) KITCHEN (115 sq ft approx NIA) FRONT MEZZANINE AREA (588 sq ft approx NIA) REAR MEZZANINE AREA (473 sq ft approx NIA) TOTAL NET INTERNAL AREA: 5,212 sq ft approx NIA OUTSIDE 5 onsite car parking spaces. It is understood there is an additional 22 spaces held under licence BOARD ROOM (492 sq ft approx NIA) CENTRAL OFFICE AREA (511 sq ft approx NIA) Ref:

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