Mannin Retail was the Post Office's only option for relocation plans, it was revealed at yesterday's Public Accounts Committee of Tynwald.
As the only bidders, Post Office Chairman Graham Cregeen MHK conceded they had little option but to accept the offer.
The closure and relocation of the Douglas and Ramsey branches is set to save £300,000 next year.
Mr Cregeen insists they accepted the bid as Mannin Retail met all the desired criteria in their offer:
Clip 1
Manx Radio to 'formally investigate' complaint from veteran broadcaster
Station confirms it received an 'official letter of complaint' this week
Temporary ambulance station established at Castletown Coastguard Station
Ambulance cover in the south to be maintained following station fire
Owners advised to keep pets out of river
A number of fish have been found dead in the river near Poulsom Park
Nearly £165k spent on AI subscriptions
Over 3,400 licences have been bought since 2024