It also serves as an intermediate stopping place on the line, being the last before reaching the mid-way point of the village station.

It is notable for a disastrous fire that destroyed all contents in 1930, accounting for the only major loss of rolling stock that the railway has ever encountered, save for the 10-13 Class Trams which were short-lived and converted early on.

The shed was used for the storage of a steam locomotive during the successful Year Of Railways in 1993 and subsequent events, and at this time a longer headshunt was also installed to facilitate the shunting of rolling stock.

In 1999 the roof was removed and all stored stock taken out for off-site storage remaining in this state for some time until, in 2008 action was taken to re-clad the structure which is now a functioning shed once more, the work being completed by 2009 with a three-road shed, one road being a cement surface to house the line's road vehicles.

On occasion the shed and nearby substation are open to the public and on these occasions a shuttle service is operated from Laxey Station to avoid people walking over the nearby Glen Roy viaduct.