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Land for sale
Bank Street, Castletown, Isle of Man
£350,000
Bank Street, Castletown, Isle of Man
£350,000
Our Summary
- Situated in the very heart of Castlestone, just a stone’s throw from the bustling town square and picturesque harbour, 5 Banks Street presents a rare and exciting opportunity for redevelopment in a highly sought-after location
- This substantial property, measuring just under 2,000 sq ft, offers immense potential for those seeking either a spacious residential home or a mixed-use building with commercial space on the ground floor
- Currently arranged as a six-bedroom, two-bathroom residence, the property retains many of its original features and layout, but would benefit from modernisation throughout
- With generously proportioned rooms across multiple levels, the scope for redesign is vast—whether that be creating a large family home, splitting into flats (subject to the necessary consents), or restoring a shop front and premises on the ground floor to serve the thriving local community
- Whether you're an investor, developer, or someone looking to create a bespoke home close to all amenities, this property is bursting with potential and must be viewed to fully appreciate what’s on offer
- A rare opportunity to create a bespoke property in a thriving, well-connected location with huge scope for value enhancement
- Excellent potential to reinstate commercial use on the ground floor, subject to planning, for retail, office, or hospitality purposes
- Spacious property totalling just under 2,000 sq ft, providing ample room for redevelopment into a large home or mixed-use premises
Description
Located in the heart of Castlestone, 5 Banks Street presents a unique redevelopment opportunity in a highly sought-after location. This substantial property, measuring just under 2,000 sq ft, offers immense potential for a spacious residential home or mixed-use building with commercial space on the ground floor. Currently a six-bedroom, two-bathroom residence, the property retains its original features and layout, but would benefit from modernization throughout. With generously proportioned rooms across multiple levels, the scope for redesign is vast, whether that's creating a large family home, splitting into flats, or restoring a shop front and premises to serve the local community. The property also features a small enclosed yard with separate access, adding to its appeal for both residential and commercial uses. With its central location and versatile layout, 5 Banks Street offers the ideal canvas for a range of development projects, making it a must-see for investors, developers, and those looking to create a bespoke home close to all amenities.