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Rent Sole Agency | Retail

23 Commercial Arcade Prime Retail Unit

St Peter Port, Guernsey, GY1 1JX
  • Total Space
    1,187 SQ FT
  • Location
    Centrally Located
  • Frontage
    Excellent
  • Accommodation
    Two Floors
  • Available
    Immediately
  • Rent
    £36,830 per annum
Location

23 Commercial Arcade occupies a prime position just off the High Street, in the Commercial Arcade.  It therefore sits in the heart of St Peter Port’s town centre, in a busy pedestrianised thoroughfare linking the High Street to Market Square.

Neighbouring occupiers include Toni & Guy, Hotel Chocolat, Sea Salt, Costa Coffee, Mappin & Webb, The Body Shop and Dix Neuf. It is also in close proximity to the Albert and Crown Pier public car parks as well as the Bus Terminus.

Description

The property is well presented and offers well proportioned retail accommodation arranged over ground and lower ground floors. It has the benefit of a prominent frontage with attractive curved floor to ceiling window display units.

At ground floor level, the unit has a generous floor to ceiling height and is fitted with a fixed ceiling, spot lights and pendant lighting in part, wooden flooring and a neutral colour scheme. The glass frontage allows for an abundance of natural light to penetrate the floor.
The lower ground floor is fitted with a fixed ceiling, pendant lighting and concrete flooring. A WC and office is also located on this level.

Accommodation

The premises provides approximately 1,187 sq ft of retail accommodation which is arranged as follows:-

Floor

Area (sq ft)

Lower Ground Floor

596

Ground Floor

591

Total

1,187

Tenure

Leasehold.

The premises is available by way of an assignment of the existing lease, which expires on 23 June 2025. This lease has the benefit of a tenant only break on 1 February 2022, subject to twelve months’ notice. It has been granted on internal repairing and insuring terms and is subject to a schedule of condition. There is also a service charge in respect of the common parts. Further details can be made available upon request.

Rent

The current rent is £36,829.64 per annum and is subject to three yearly rent reviews to the greater of rent passing, the increase in GRPI or a cap of 2.5% per annum. 

Availability

The property is available to rent immediately.

Legals

All terms are subject to contract.
Each party shall bear their own legal costs in connection with this transaction.

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Rent Sole Agency

23 Commercial Arcade Prime Retail Unit

 
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