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.
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.
The premises offers the following accommodation:
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.
We are instructed to seek offers at £450,000 (four hundred and fifty thousand pounds).
The property is available to purchase immediately.
All terms are subject to contract.
Each party shall bear their own legal costs in connection with this transaction.
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.
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.
36 Commercial Arcade Guide Price: £450,000
Your request was submitted, we'll be in touch!