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Picquet House The Albany 2,330 SF 100% Leased Retail Building Guernsey GY1 1AF $1,093,942 ($469.50/SF) 3.89% Cap Rate
Investment Highlights
- situated at the end of the South Esplanade
- Located opposite the Albert Pier and Victoria Marina
- Located adjacent to the town church
Executive Summary
The property is approached by steps at the front (at the side there could be a ramp installed for disability access), leading to a veranda which lends itself to Al Fresco dining. There are three entrance doors to the ground floor. The far-right door provides access to an office and staircase to the first floor. The ground floor TENURE/TENANCY is laid out as offices with kitchen facilities and cloak rooms. There is a second staircase from the middle office to the first floor. First Floor The offices are accessed via two staircases to the side and rear; the main part of the office is open plan with windows looking out over the harbour. There are two cellular offices a drink station and WC. To the far left of the building there is a gate and corridor which provides access to the rear courtyard where there is a small store.
The property is held freehold and is available immediately. The Lighthouse Media (CI) Limited currently rent the first floor for £2,591.66 per month, they are on a months notice to vacate.
The property is held freehold and is available immediately. The Lighthouse Media (CI) Limited currently rent the first floor for £2,591.66 per month, they are on a months notice to vacate.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,330 SF
Building Class
B
Year Built
1895
Price
$1,093,942
Price Per SF
$469.50
Cap Rate
3.89%
NOI
$42,527
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
44’ on The Albany
Amenities
- Signage
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Nearby Major Retailers
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Picquet House | The Albany
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