Potential buyer currently unnamed
Plans have been put forward to make part of Port St Mary Railway station into a toy museum.
The rest of the structure would become office accommodation, if the as yet unnamed prospective buyer gets planning approval.
Here's John Moss:
Charity collecting funds for DEC's Myanmar earthquake appeal
One World Centre volunteers will be in Douglas this weekend
Ministers back most student funding reforms, but budget constraints remain
Government accepts majority of PAC recommendations, but warns affordability must guide implementation timelines
Keep your dogs on a lead to protect livestock, warn police
Officers say even a well-trained dog can instinctively chase sheep
New grading system will 'drastically reduce' police exposure to indecent images
It's hoped change will also speed up prosecutions