Following the sale of Valley House in Guernsey last week, this week we are delighted to have acted for the purchaser of 28-34 Hill Street, Jersey.
The property is let to international legal practice, Walkers Ltd, for a further 3 years and offers a regear or redevelopment opportunity on lease expiry.
The price of £3.435m reflects circa £200 per sq ft/10.20%. The vendor was represented by CBRE’s Jersey team.
With interest rates at all time lows plus The Channel Islands’ renown economic stability, perhaps it is not surprising there is strong investor demand for commercial investments at the current time.