Tevir Group announce the purchase of the buildings comprising 12-22 Strand Street in Douglas. The 35,000 sq. ft property comprises 2 retail units which are currently occupied by Boots and Spar.
Ciaran Doherty, Managing Director, Tevir Group commented:
'The purchase further strengthens our property footprint in Douglas town centre, which includes other high-profile sites at Villiers Square and 55 Athol Street. Our tenants in Strand Street are two highly reputable brands and with Boots recently committing to a long-term lease we have every reason to be confident in the future of Douglas town centre.
'With heavy footfall, prime pedestrian position and extensive frontage,12-22 Strand Street ranks as one of the high profile locations within the Isle of Man's retail sector.'
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