An iconic building at the gateway to the island is to undergo a £3 million refurbishment to help return it to its former glory.

One of the first things visitors see on arriving at the Sea Terminal is the Peveril Buildings on the other side of the road.

As well as its business uses, many people will have their own memories of the place as a venue for entertainment having been the home of Jefferson’s nightclub and G&D’s.

Planning approval was recently given for the replacement of the existing façade, render and windows.

Black Grace Cowley announced the development on behalf of its clients, Rose Estates Limited. Talks are under way about bringing in a new business tenant.

A spokesman said: ’The go-ahead has been given for a comprehensive schedule of works which will see a significant multi-million-pound investment in this prominent building.’

Originally known to many as the Peveril Hotel, the original property was demolished and reconstructed as a modern office building which has been home to Lloyds Banking Group for most of the last 20 years.

Lloyds recently moved across the road to Villiers House in Victoria Street, and this has given the landlords the first opportunity to transform the image of the building and bring it up to modern standards.

The spokesman said the project will see the demolition of the aged front façade, replacing it with a ’new and refined aspect that is far more in keeping with the heritage and style of the surrounding area’.

The project will also see the facilities of the site improved, with solar panels being laid on the roof and bicycle parking at ground-floor level.

There will be fresh opportunities for retail or leisure businesses to occupy the south wing of the ground floor, and the office space is being refurbished throughout with LED lighting and upgraded facilities.

Excel has been instructed by Rose Estates as lead contractor and works are due to be completed in early 2022.

Ben Quayle, director of Black Grace Cowley, said: ’Peveril Buildings is one of the first prominent commercial properties visitors to our island see when stepping out of the Sea Terminal and for years, it has been hidden by hoarding and scaffolding, and had unsightly steel restraints across the front elevation.

’We are delighted that our clients Rose Estates have decided to invest in such a major restoration of this iconic building, which in conjunction with the promenade works, will significantly improve this gateway to the island’s capital.

’Following these works, those lucky enough to end up working in Peveril Buildings will enjoy the most fabulous views over Douglas Bay and the inner harbour, and work in one of the finest and most efficient office buildings in Douglas.’