Office

Standard Bank House, Douglas, Isle of Man

Standard Bank House, Douglas, Isle of Man IM1 1SB
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

Teaser
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area

Property Description

Standard Bank House offers a unique opportunity to acquire a prominent

headquarters office building in the heart of Douglas. Let on a single lease

to Standard Bank for a further 11.3 years at a low passing rent with three

yearly rent reviews.

Investment Highlights

  • Ability to drive cash on cash returns in excess of 9%
  • Standard Bank have been in continuous occupation since 1998
  • High quality, flexible office accommodation in 100% prime pitch
  • Recent lease re-gear demonstrates Standard Bank's continued commitment to the Isle of Man
  • Lease term of 11.3 years, rare in today's market
  • Let at a 10% discount to Isle of Man prime rents
Last Updated Date: 05 Apr 2021
James Porteous
James Porteous
Director - Capital Markets
+6531594021
Noel Lander
Noel Lander
Director - Capital Markets
+6531594021
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Last Updated Date: 05 Apr 2021

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