The Isle of Man offers a good variety of commercial property to service a wide range of business needs. There are plentiful opportunities to rent or lease and the Isle of Man also has an open property market with no restrictions or qualifications limiting property purchase.
Properties available range from state of the art, purpose-built buildings suitable for head offices, to small, converted Victorian buildings. There are several estate agents and property developers in the Isle of Man who will be happy to discuss your requirements.
Typical Costs
Manufacturing/Industrial
Annual Rent Range: Up to £6 per sq. ft.
Local Business Rates: £Rate poundage £1.58 (excluding water) based on this
Serviced Office Accommodation
e.g. Central Douglas location
Annual Rent Range: Up to £20 per sq. ft.
Local Business Rates: £Rate poundage £6.63 including water based on history
Business Parks
Annual Rent Range: Up to £8 per sq. ft.
Local Business Rates: £Rate poundage £6.63 including water
Land/Greenfield Sites
Cost Range: Up to £350,000 per acre
Retail
Annual Rent Range: Up to £50 per sq. ft.
Local Business Rates: £Douglas rate poundage £6.63 including water