Lord Street Flats Sold As Douglas City Council Confirms Accepted Offer

Douglas City Council has confirmed it has accepted an offer for the Lord Street flats, a landmark site in the heart of the capital, subject to contract.

The 56 flats, spread across four blocks, were built in the 1930s and remained in use until 2022 when the final tenants were relocated to the newly completed Peel Road development.

The site was placed on the open market in November last year as part of the local authority’s commitment to modernising housing in Douglas.

Proceeds from the sale of the four-storey buildings will be reinvested into future housing projects, along with supporting the council’s ongoing maintenance and refurbishment programme.

While details of the offer remain commercially sensitive at this stage, the council has stated it will provide further information upon completion of the contract.