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Property Name
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Sale Sole Agency | Office

Picquerel House Office Investment

L'Islet, St Sampson, Guernsey, GY2 4SD
  • Total Space
    2,800 SQ FT
  • Location
    Out of town
  • Car Parking
    5 spaces + visitor
  • Occupiers
    Multi-tenanted
  • Available
    Immediately
  • Price
    £550,000
Location

Picquerel House occupies an out of town location on La Route Du Picquerel in St Sampson, close to the junction with Les Tracheries Road (L’Islet Crossroads). It is therefore well positioned, close to the amenities L’Islet Village Centre has to offer. These include Marks and Spencer, Freedom Surf Shop and Checkers Xpress.

Description

The property is arranged over ground and first floors and is a multi tenanted building with two suites on the ground floor and a further suite at first floor level.  The property has been well maintained and generally consists of open plan office accommodation which has been fitted with floor boxes, suspended ceilings, recessed reflective fluorescent lighting, wall mounted electrical storage heaters and carpet tiled flooring. Each premises also has its own kitchenette.  Each of the premises has its own kitchen and toilet facilities.  The property has five onsite car parking spaces which includes a shared visitor's space.

Accommodation

The property is approximately 2,800 sq ft which comprises the following:

Description

Area (sq ft)

Ground Floor East Suite

870

Ground Floor West Suite

530

First Floor

1,400

Total

2,800

Tenancies

The property is multi-tenanted and is currently let to two tenants.  The current gross annual rent received by the landlord is approximately £37,720 per annum with opportunity to increase to in excess of £50,000 upon the letting of the ground floor eastern suite.  The first floor tenant's lease expires on 24 December 2020, whereas the ground floor western lease expires on 31 December 2018. The tenants currently pay £27,650 per annum and £10,070 per annum respectively.  Both leases allow for the rent to be increased annually in line with the Guernsey Retail Price Index.

Tenure

Freehold.  A sale will be completed by conveyance.

Availability

The property is available to purchase immediately.

Price

The property is available to purchase for £550,000 (five hundred and fifty thousand pounds)

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

Picquerel House Office Investment

 
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