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Sale Joint Agency | Office

St Peters, St Andrews & St Martins House Multi-Let Freehold

Le Bordage, St Peter Port
Offers over £14,900,000
  • Total Space
    43,998 SQ FT
  • Offers
    £14,900,000+
  • Net Initial Yield
    8.50%
  • WAULT
    4.6 years
  • Annual Rent
    £1,351,601
  • Parking
    70 spaces
Location

St Martin’s, St Andrew’s and St Peter’s House are situated on Le Bordage in the commercial centre of St Peter Port.  There are a number of professional services occupiers nearby, including Skipton International, Guernsey Finance, BDO Accountants, Moore Stephens Accountants and LTS Tax.

In addition, the properties are within a couple of minutes’ walk from the main retail centre of Market Square and the High Street. The Bus Terminus and free public parking on the piers are also closeby. The frequent activities and events held in the Market Square, as well as the Fresh Friday Market and the abundance of restaurants and cafés, means the properties are very well served and in close proximity to a broad range of amenities.

Description

The properties were originally constructed in circa 1990 and comprise three adjoining three and five storey office buildings of reinforced concrete frame construction with a mixture of rendered masonry and stonework external walls, glazed windows under a pitched, tiled roof, with a secure basement car park below. 

The properties were refurbished between 2010 and 2018 and provide modern air conditioned office accommodation with raised access flooring, suspended ceilings and open plan floor plates, averaging between 3,000 – 4,000 sq ft.

Accommodation

The 3 buildings provide 43,998 sq ft of office accommodation, comprising the following:-

St Peter's House

Floor  Use Sq Ft
Fourth Office 2,279
Third Office 3,947
Second Office 4,088
First Office 4,086
Ground Office 3,433
Ground Reception 443
Sub Total   18,276

St Andrew's House

Floor  Use Sq Ft
Fourth Office 3,127
Third Office 3,539
Second Office 3,584
First Office 3,589
Ground Office 2,959
Ground Reception 434
Sub Total   17,232

St Martin's House

Floor Use Sq Ft
Second Office 2,875
First Office 2,947
Ground Office 2,381
Ground Reception 169
Ground Ancillary 118
Sub Total   8,490

In addition there are 70 parking spaces.

Tenure

Freehold

Price

We are instructed to seek offers in excess of £14,900,000 (Fourteen Million, Nine Hundred Thousand Pounds), subject to contract.
A purchase at this level reflects an attractive net initial yield of 8.50% exclusive of purchaser’s costs of 6.80%.

  • 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 Joint Agency

St Peters, St Andrews & St Martins House Multi-Let Freehold

 
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