The Albany, Kinross House & 2 Cornet Street, St Peter Port, Guernsey

Executive Summary:

• • Exceptionally Rare Strategic Development Site with High Yielding Multi-Let Income Profile.
  • Situated directly opposite Albert Marina in the heart of St Peter Port, occupying 0.4 acres.
  • Consistent and diverse existing income stream through many long-standing occupiers, having a gross cumulative income of £942,678.36 per annum.
  • Highlighted in Guernsey’s Island Plan as a key strategic development opportunity.
  • Subject to planning, suitable uses could include a mix of residential, hotel, offices and retail.
  • Freehold for sale.

Interested parties are to submit a formal written proposal for The Albany, Kinross House and 2 Cornet Street by no later than 5pm on Friday 17^th May 2024. The proposal should specifically confirm the following:

1.      Purchase Price

The level of offer, subject to contract, for the properties.

2.      Identity of Purchaser

Please confirm the full identity of the purchaser together with any background information and a relevant recent track record.

3.      Approvals

Confirmation of any approvals that may be required and timescales for clearance.

4.      Due Diligence

Please confirm the level of due diligence completed to date.

5.      Funding

Detailed confirmation on how the purchase will be financed to include source of equity and in the event that bank funding is required, further information in this regard.

6.      Conditions

Please detail all conditions relating to the purchase and timescales for clearance.

7.      Timing

Please detail the proposed timescales to completion of the purchase.

8.      Professional Team

Please provide details of your professional team together with your legal representative.

9.      Supporting Information

Please detail any additional supporting information which may assist us in reviewing your proposal and please note that our client is under no obligation to accept the highest offer or indeed any proposal submitted.