Office, Investment, St Helier
High quality three storey office building with 10 secure basement parking spaces.
Let to Dandara Jersey Ltd, on a lease expiring 29th June 2021
Current rent of £226,000 per annum, with next review falling 29th June 2018 by reference to the Jersey Retail Price Index.
Subject to contract, offers are invited in excess of £2,000,000 exclusive of GST if applicable for the SPV sale of Spectrum House Holdings Limited.
A purchase at this level reflects a net initial yield of 11.13% assuming acquisition costs of 1.5%.
Suitable for singular or multi tenant onward occupancy. Potential for residential conversion also, subject to Planning.
- 7426 Sq Ft