Property Type
Property Name
Square Footage: -
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Sale Sole Agency | Retail/Other

1 Mill Street Refurbishment Project

St Peter Port, Guernsey
£195,000
  • Total Space
    460 SQ FT
  • Retail Ground Floor
    255 SQ FT
  • Retail First Floor
    205 SQ FT
  • Location
    Central
  • Residential Flat
    Three Bedrooms
  • Price
    £195,000
Location

1 Mill Street occupies a prominent position within St Peter Port's town centre. It lies at the bottom of Mill Street, at the start of the Old Quarter where Market Street and Fountain Street meet. It therefore has a highly visible and prominent frontage along one of the main thoroughfares into the centre of St Peter Port.

As it is located adjacent to the Market Development, it benefits from good passing trade which is boosted when Market Square is utilised to host a number of popular community events; notably the Fresh Friday Market, the Town Carnival, The Literary and Photographic Festivals.

In the immediate vicinity are a number of national retailers together with independent local shops, bars and eateries. Such occupiers include Holland & Barrett, Sports Direct, Feel Unique, the Co-op Food Hall, Marks and Spencer, Josef of Switzerland, Metro Deli and Creasey's. 

Description

1 Mill Street is a detached mixed-use property arranged over five floors. At ground and first floor levels is a retail unit together with ancillary storage and a dedicated WC. This is accessed via a recessed entrance directly off Mill Street. The premises is currently let on a flexible basis and is income generating. Further details are available upon request.

A residential unit occupies the second, third and fourth floors of the property and has the benefit of its own entrance. This comprises three bedrooms, lounge, kitchen, bathroom and storage. Although currently occupied, as the flat is in a relatively basic condition, it would benefit from refurbishment in order to modernize it and maximise value. Upon any sale, vacant possession can be provided.

Externally, there is a terraced garden to the rear which can be accessed via an external set of steps. The top tier of the garden also has direct access to and from Constitution Steps.

Accommodation

The premises comprises a retail unit and a self-contained three bedroom residential apartment.

The retail unit provides approximately 460 sq ft of accommodation and is arranged as follows:  

Description

Area (sq ft)

Ground Floor Retail

255

First Floor Storage

205

Total

460

Tenure

Freehold. 
The property is available to purchase with the purchaser having the benefit of the lease for the retail unit. Further details on this tenancy are available upon request.

Price

The property is available to purchase for £195,000 (one hundred and ninety five thousand pounds).

Available

The premises is available to purchase immediately.

Legals

All terms are subject to contract.  
Each party is responsible for their own costs. 

  • Valuation

    We have a team of RICS Registered Valuers who combine experience, local market knowledge and high standards of professionalism to provide valuation reports tailored to provide clients with the information they require.

  • Property Management

    Our dedicated Property Management Team has a broad range of technical and financial management skills to ensure the properties we manage are in safe hands.

Sale Sole Agency

1 Mill Street Refurbishment Project

 
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