Offers in excess of £ 5,500,000
CTV House, Le Pouquelaye
Total Area: 32,072 ft2
About this property
Office Investment Yielding 8.5% underpinned by High Residual Land Value – St Helier, Jersey.
Key highlights include:
- Standalone office investment, located in an excellent out of town position, offering ample car parking, low rents and a high residual land value.
- Total area comprising 32,072 sq.ft (2,979.59 sq.m), with 139 car parking spaces, offering a generous car parking ratio of 1 space per 230 sq ft.Total site area of 2.16 acres (0.87 ha).
- Significant asset management opportunities with future residential development potential (subject to planning).
- Multi let to tenants including Lloyds Bank International Ltd, Jersey Electricity PLC and Amalgamated Facilities Management Ltd.
- Rents at a significant discount to town centre offices and subject to JRPI increase.
- Offers in excess of £5,500,000 exclusive of GST (if applicable). A purchase at this level reflects a net initial yield of 8.5% assuming purchaser’s costs of 1.5%.
- This price reflects only £171 per sq.ft.
Should you require further information, please contact Phil Dawes (01534 716 230) or Nick Trower (01534 716 233).