Spectrum House

Office, Investment, St Helier

OVERVIEW-INVESTMENT RATIONALE

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
£2,000,000
Buy

Location

Gloucester Street
St Helier


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