The former marine laboratory in Port Erin has been sold by the Department of Infrastructure for £500,000.
It has been purchased by Delgatie Ltd. who plan to replace the existing structures with a 'mixed use development'.
An agreement has also been made to improve the land in front of the building, which will remain in the hands of the government.
Delgatie Ltd are a property development company founded last year operating in the Isle of Man and UK markets.
Tower of Refuge 'off UK coastline', according to LADbible
The Tower of Refuge has moved to the UK and taken up home on a submerged reef, according to a UK-based website.
Slight growth in government workforce, report shows
The latest report into the government's workforce shows eight people joined the public sector in the first quarter of the year.
Urgent Tynwald question about TT virus protections for livestock
What will the government do to prevent an infectious livestock virus reaching the Isle of Man during TT?
Billie No Mates looking for fur-ever home!
Could you give a home to Billie 'no mates'?
Will the Island get its say on the future of the BBC?
Will the Island be asked for its views when the BBC's royal charter is reviewed?
Pick up your TT marshal packs and warrants from today
If you've signed up as a TT marshal, you can pick your pack up from today.
Queueing system for Steam Packet website as TT2026 bookings open
A queueing system is currently operating on the Steam Packet's website, after bookings for TT 2026 opened earlier.
Commissioner quits civic amenity site board
A Patrick commissioner has quit his role on the Western Civic Amenity Site board.
