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Charter Place, Seaton Place, St Helier, Jersey

35,120 sq.ft Landmark Grade A Office Investment

From £ 12,500,000

Offices
Address:

Charter Place
Seaton Place
St Helier
Jersey

Total Area: 35,120 ft2

About this property

  • Well located prime office investment in the heart of St Helier
  • Modern office accommodation totalling 35,120 sq ft (3,263 sq m)
  • Fully let to 4 tenants
  • WAULT of over 7.2 years (5.85 years to breaks)
  • Freehold
  • Total rental income of £995,460 per annum
  • ERV of £1,021,231 per annum providing excellent scope to increase the rental total
  • Offers sought in excess of £12,500,000 (Twelve Million Five Hundred Thousand Pounds) exclusive of GST (if applicable). A purchase at this level reflects a net initial yield of 7.85% incorporating purchaser’s costs of 1.50%
  • Low base rents of £25 – £28 psf

DESCRIPTION

Charter Place comprises a prominent, modern office building constructed in 2003, totalling approximately 35,120 sq ft (3,263 sq m) of accommodation.

The building allows for flexible, open space and is arranged over basement and five upper storeys. Internally there is a large attractive atrium which provides excellent natural light throughout the building and houses two 13-person lifts. Located on the fourth floor is a roof terrace of over 1,500 sq ft that affords outstanding views over the St. Helier skyline.

The specification includes:

  • Two high speed,13-person wall climbing lifts
  • Fully integrated VRV air-conditioning system
  • Metal encapsulated full raised access flooring
  • Suspended ceilings with integral low energy recessed lighting
  • Showers and toilet facilities on each floor
  • 22 basement car parking spaces and bike parking
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