Sinclair Realty - Property in Bermuda

Commercial To Let in St. Peter Port

, St. Peter Port
Price: GBP £5,113 p/m
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Location:
St. Peter Port, Guernsey
Type:
Commercial
Market:
Property Reference:
swfc_rps_swf-LMA140614 - #5703

Property Description

LOCATION

The premises are located in Le Marchant Street in the heart of the local business community and in close proximity to Guernsey's courts. Le Marchant Street runs parallel to Smith Street and has pedestrian access via the steps half way up Smith Street. Vehicular access is via Court Row. Smith Street is one of the main access points for the High Street, which is only 100 metres away.

Located within the near vicinity is the OGH Hotel as well as businesses such as the Heritage Group, Mourant Ozannes and The Partnership. Located on the High Street financial institutions such as NatWest, HSBC, Barclays and Lloyds can be found.

ACCOMMODATION

The property comprises Basement, round and three upper floors of office accommodation, totalling 2,561 sq.ft, as follows:

Basement - 320 sq.ft. The Basement offers excellent filing solutions and also has an air-conditioned area ideal for computer servers. Within the basement area there is a Kitchen as well as Male and Female toilets.

Ground Floor - 578 sq.ft. Located on the Ground Floor is the Reception area along with two meeting rooms. Access to the upper floors as well as the Basement is provided from the Ground Floor.

First Floor - 622 sq.ft. The first floor has two large offices, either of which could be used as a Board Room.

Second Floor - 533 sq.ft. At the top of the stairs there is an open plan office suitable for four large desks with windows to the front of the building, a door at the rear leads to a second office suitable for a further four desks. From this office there is a lobby with a fire escape and stairs leading to the third floor.

Third Floor - 508 sq.ft. There are two large offices, a separate bathroom (comprising shower, hand basin and lavatory) as well as a fully fitted Kitchen.

In the past the Third Floor has been used as a flat. It may be possible to convert this floor back to a flat subject to agreeing terms with the Landlord and planning consents.

The property is predominantly heated by way of a newly installed electric central heating system.

The property benefits from sea views which are evident from the second and third floors.

CAR PARKING

The existing occupiers currently rent one car parking space in the Odeon area. This is by separate arrangement which is transferable.

TERMS

The property is available by way of assignment of the existing sub lease which is based on Full Repairing and Insuring terms for a periods expiring on 31 December 2019. However, the Landlord has indicated a longer lease will be available by arrangement.

RENT

The passing rent is £61,350 per annum payable quarterly in arrears on the usual quarter days.

The rent is subject to three yearly upward only rent reviews at Market Value, the next being due on 1 January 2017.

There is a Service Charge of £7,044 per annum.

AVAILABILITY

The property will be available by arrangement subject to vacant possession.

LEGAL COSTS

Each party to bear their own legal costs.

Price: GBP £5,113 p/m

Swoffers Estate Agents

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