Property Type
Property Name
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Sale Sole Agency | Other/Retail

Coombe House Mixed Use Investment

St Julian's Avenue, St Peter Port, Guernsey
  • Total Space
    8,054 SQ FT
  • Location
    Central
  • Asking Price
    £2,300,000
  • Retail Units
    2
  • Local Market Apts
    6
  • Open Market
    5 Bed Flat Share
Location

Coombe House is located in the centre of St Peter Port on St Julian’s Avenue, one of the main vehicular routes into the town centre. The property therefore lies in the heart of Guernsey’s business district and is in close proximity to the Law Courts, the main retail areas and the public car parks of North Beach and Salarie Corner. Other occupiers in the vicinity include Ernst & Young, PwC, Royal Bank of Scotland, Ipes, Terra Firma, HSBC, BNP Paribas, SG Hambros Bank, as well as other national and local occupiers.

Description

The property is a mixed use investment opportunity which has been altered and extended over the years. It comprises two retails units, six local market apartments (two of which are bedsits) and a multi-occupancy Open Market flat share comprising five bedrooms. There is also a double garage and courtyard which together provide up to 4 onsite car parking spaces.

The residential accommodation is arranged over three buildings known as Coombe House (1 two bedroom local market apartment), Levoir Cottage (a bedsit and a two bedroom flat) and Levoir House (a bedsit, 1 single bedroom apartment and 1 two bedroom apartment). The property is currently producing a gross annual rent of £144,160 per annum. This could however be increased once fully let.

Accommodation

On a net internal area basis, the property provides approximately 8,054 sq ft of accommodation. This comprises the following:

Description

Area (sq ft)

Retail Unit 1

1,745

Retail Unit 2

281 

Coombe House Apartment

1,234 

Open Market Flat Share

1,520 

Levoir Cottage Apartment

647 

Levoir Cottage Bedsit

327 

Levoir House - Apt 1

753 

Levoir House - Apt 2

534

Levoir House - Apt 3

511

Double Garage

503 

TOTAL

8,054 sq ft 

 

Externally, there is a covered courtyard area which provides onsite car parking for up to two vehicles and there are two additional spaces in the garage.

Tenure

Freehold.

Price

The vendor is seeking offers in the region of £2,300,000.

Availability

The freehold of 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 Sole Agency

Coombe House Mixed Use Investment

 
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