Your email has been sent.
Phillips St - Sommerville House 1,689 SF Office Condo Unit Offered at $1,282,555 CAD in Jersey JE2 4SW
Investment Highlights
- Prominent Business Location
- High Ceilings
- Solid Transport Links
Executive Summary
This property comprises office accommodation of masonry construction.
1 Unit Available
Unit 2nd & 3rd
| Unit Size | 1,689 SF | Sale Type | Investment |
| Price | $1,282,555 CAD | Tenure | Freehold |
| Price Per SF | $759.36 CAD | Sale Conditions | Sale Leaseback |
| Condo Use | Office |
| Unit Size | 1,689 SF |
| Price | $1,282,555 CAD |
| Price Per SF | $759.36 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Conditions | Sale Leaseback |
Description
The opportunity exists to acquire the flying-freehold interest in the 2nd floor offices, Sommerville House, subject to the above noted lease, for a consideration of £750,000 exclusive of GST as applicable. A sale at this level would reflect a Gross Yield of 6.00%.
Sale Notes
The 2nd & 3rd floor offices, Sommerville House will be subject to a new, Full
Repairing & Insuring lease to “T&G Limited”, for a term of 9-years, commencing from completion of sale. Commencing rental will be £45,000 p/a with rent reviews 3-yearly in line with the JRPI (subject to a “collar” and “cap” on any increase of 3% and 9% respectively).
Interior Photo
Interior Photo
Property Facts
| Total Building Size | 3,689 SF | Typical Floor Size | 922 SF |
| Property Type | Office (Condo) | Year Built | 1970 |
| Building Class | B | Lot Size | 0.03 AC |
| Floors | 4 |
| Total Building Size | 3,689 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 922 SF |
| Year Built | 1970 |
| Lot Size | 0.03 AC |
Presented by
Phillips St - Sommerville House
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.