Portman House – Office Investment

ASKING £375,000 / Freehold
All Properties Property Sold

3133

Property ID

657 SqFt

Size

Description

Portman House is located within St Helier town centre, close to The Parade Gardens and a moments walk away from King Street, Broad Street and Charring Cross.

DESCRIPTION

ACCOMODATION

The Net Internal Area of the Office Suite is as follows:

Office Suite:

Office – 591 sq.ft/54.87 sqm

Kitchen –  66 sq.ft/6.10 sqm

TENURE/LEASE TERMS

The Office Suite, Portman House is subject to an Internal Repairing lease to “Royal Road Minerals Limited” for a term of 5-years from 01/01/21 to expire 31/12/25. The lease is subject to a rent deposit of £2,167. Annual rental income is currently £23,833 p/a, payable monthly. A rent review in line with the JRPI falls due on 01/01/24.

OPPORTUNITY

The opportunity exists to acquire the flying-freehold of The Office Suite, Portman House, subject to the above noted lease, for a consideration of £375,000 exclusive of GST as applicable. A sale at this level would reflect a Gross Yield on the Gross Income of 6.36%.

LEGAL COSTS

Each party to bear their own legal costs and any other cost incurred in the letting of this property, whether or not a transaction completes.

VIEWING

For further details and viewing, please contact the vendor’s sole agent, Jonathan C Quérée MRICS at Quérée Property Consultants Ltd on 630660 (T) or 077978 40008 (M).

Portman House

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Address

  • Country: Jersey
  • City / Town: St Helier
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  • Property ID 3133
  • Price ASKING £375,000 / Freehold
  • Property Type Commercial
  • Property status All Properties, Property Sold
  • Size 657 SqFt
  • Label New
  • Number Of Offices 1 - 5
  • Parish St Lawrence
  • Sector Offices

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