Property Type
Property Name
Square Footage: -
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Sale Multi-Agency | Retail

36 Commercial Arcade Guide Price: £450,000

St Peter Port, Guernsey
  • Total Space
    1,402 SQ FT
  • Location
    Core Retail Area
  • Window Frontage
    Excellent
  • Available
    Immediately
  • Scope For
    Conversion
  • Use
    Retail & Residential
Location

36 Commercial Arcade is situated in the inner arm of Commercial Arcade, which is a busy pedestrianised thoroughfare, linking Market Square to the High Street and Church Square.   Other occupiers in the vicinity include Toni & Guy, Guernsey Computers, Saworvski and Dix Neuf.

Description

The premises themselves offer a retail unit and residential accommodation on the upper floors, together with a basement, which is currently being used as storage.   

As the upper floors previously enjoyed independent access, a separate entrance and lobby could be reinstated relatively easily, with the basement then being dedicated solely to the retail unit.   This would enable the property to be converted to provide an independent two bed flat and separate retail unit on the ground floor and basement levels.

The premises has recently benefitted from a new roof with the gutters also having been relined.  

Accommodation

The premises offers the following accommodation:

LEVEL SQ FT
Ground 290
Basement 298
First 277
Second 312
Third 225
TOTAL 1,402
Tenure

Freehold.

The current tenant occupies the premises on a flexible lease at a rent of £24,000 per annum.  They could therefore vacate relatively swiftly, if required.   The property is therefore being offered with full vacant possession.

Price

We are instructed to seek offers at £450,000 (four hundred and fifty thousand pounds).

Availability

The property is available to purchase immediately.

Legals

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

  • 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 Multi Agency

36 Commercial Arcade Guide Price: £450,000

 
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