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Expressions of interest sought for Summerland site development
THE first steps are being taken to develop a prime sea front site in Douglas.
The former Summerland leisure complex has stood empty and derelict ever since the buildings were demolished around five years ago but expressions of interest in the site are now being invited from developers.
Commercial property consultants, Michael Chapman and Company are acting on behalf of the government to sell the site using an informal tender process once the expressions of interest have been received.
Commercial property agent and chartered surveyor Thomas Chapman said: ‘This is a rare opportunity for a developer to acquire a large development site in one of the most prominent locations in Douglas.
‘We expect to receive a significant level of interest from local and UK developers.
‘The availability of good quality development sites is an important factor in the island’s continued economic growth and we are pleased to be working on this landmark project.’
Mr Chapman said the first stage in the process required developers to provide basic details of their company including a brief outline of their track record, as well as details of what they might put on the site.
Next, for the actual tender, they would produce a more detailed scheme of the proposed development including sketches and extra information about such issues as the floor area, density and suggested time scales for the planning applications, for example.
‘It is a very prominent site and one that the department wants to see a good attractive scheme on so it’s not solely about the highest bidder. The scheme itself will play a part in the decision making,’ he said.
‘I’m sure they would like to see an element of leisure on the site but that would probably need to be paid for by other things there.’
The shortlist of interested parties will be subject to further investigation and the successful developer’s planning application is likely to be for a high quality development that complements the attractive seafront setting.
Potential schemes could include residential development, leisure, hotel accommodation, a care home or other uses, subject to planning.
At just under three acres the site is sizeable and Mr Chapman said there was the potential to acquire further adjacent land if needed, bringing the total up to almost six acres.
For more information contact Michael Chapman & Co on 623127 or info(at)chapman.im.
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Weather for Isle of Man
Thursday 23 May 2013
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