Maison Trinity, Trinity Square

LOCATION

The property is located in a prominent position on the southern side of Trinity Square. It is in close proximity to Sir Charles Frossard House, the administrative HQ of the States of Guernsey and is surrounded by a number of high profile office occupiers including Skipton International, Moore Stephens, Ferbrache & Farrell and BDO. The retailing pitches of Mill Street, Market Square and the High Street are all a short distance away offering a broad range of amenities. There are also numerous public parking options along the waterfront and within Trinity Square directly opposite the property.

DESCRIPTION

Maison Trinity is a four storey office building which has been subject to a recent refurbishment creating contemporary open plan offices capable of sub-division to allow flexibility for incoming occupiers. The ground floor has an attractive marble entrance and a small self-contained office which could be converted to a bespoke reception area. The upper floors have been converted into suites of varying sizes. The extensive refurbishment included an internal and external redecoration, a new passenger lift serving all floors, air-conditioning, LED lighting and raised access floors. There are dedicated WC’s on each floor including shower facilities. There is secure parking within the ground floor garage for seven cars.

ACCOMMODATION

Floor Suite

Ground 1 552 sq ft / 51.27 sq m

First 2 896 sq ft / 83.20 sq m

First 3 2,111 sq ft / 196.10 sq m

Second 4 955 sq ft / 88.70 sq m

Second 5 2,002 sq ft / 185.99 sq m

Third  6 2,002 sq ft / 185.99 sq m

Total 8,518 sq ft. / 791.35 sq m

TENANCY

The property is let to two tenants on part 2nd and 3rd floors. Both tenants are in occupation and have lease expiries in June 2027. The total rent is £122,112pa which equates to £28 per square foot inclusive of service charge.

The remaining suites(1–4) totalling 4,514 sqft are available to let. Assuming an ERV of £28 per sf inclusive of service charge, the current income would rise from £122,112pa to £248,448pa.

TENURE

Freehold

OPPORTUNITY

• Let the vacant office suites unit to create a fully tenanted multi-let building.
• Potential to negotiate with the existing tenants to re-gear their leases on longer terms.
• Long term change of use to residential subject to planning.

PRICE

The freehold of the property is available at a quoting price of £2,000,000. This equates to a capital value of £235 per sq ft. A purchase at this level shows a reversionary yield of 11.66% assuming a fully let building based off an all inclusive ERV of £28 per sq ft.

LEGAL COSTS

Each party to bear their own legal costs and any other costs associated with letting this property.

CONTACT AND VIEWING

Further information and viewing the offices are strictly by appointment

Please contact Rock Commercial as the landlord’s agent:

Peter Van de Velde (Director)
Tel: 01481 728 559
Mob: 07781 127210
email: peter@rockcommercial.co.uk

Or

Alex Titheridge
Tel: 01481 728 559
Mob: 07839 189 680
Email: alex@rockcommercial.co.uk

Viewings are possible out of hours by prior arrangement.