38-39 Esplanade

Investment, St Helier

High quality office building within Jersey's prime office location of the Esplanade.

Newly refurbished property with 30 onsite parking spaces.

Leased to leading international bank and fiduciary services firms Citibank and Aztec with WAULT of over 10.25 years to break and over 11.5 years to expiry with current annual rent roll of £835,855 per annum reviewable triennially on an upward only basis to OMV. Current rent passing reflects £27.50 per sq. ft. and £3,000 per parking space.

Offers in excess of £12,000,000 (Twelve Million Pounds) invited for the freehold interest of the property subject to contract. A purchase at this level reflects a net initial yield of 6.63% after allowing for purchasers costs of 5.00%.

 

 

27122 Sq Ft
£12,000,000
Buy

Location

St Helier


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