47/49 La Motte Street
Investment, St Helier
Fully let HQ office building of 32,183 sq. ft. with high quality accomodation arranged over ground and three upper floors with basement parking for 20 cars.
The total rent of £860,000 per annum reflects the aggregate of £25.00 per sq. ft., £2,500 p.a. per parking space and £13.43 per sq. ft. for basement storage.
The property is let for a term of 21 years from the 14th May 2001, on FRI terms to Standard Bank Jersey Limited with a guarantee from Standard Bank Offshore Group Ltd. There is a lessee option to renew for a further 21 years to the 13th May 2043.
Offers are invited in excess of £11,165,00 (Eleven Million One Hundred and Sixty Five Thousand Pounds) for the freehold interest, subject to contract. A purchase at this level would reflect a net initial yield of 7.25% after allowing for purchaser's costs of 6.14%.
- 32183 Sq Ft