This mid terraced two storey traditional built property is currently utilised as a shop on the ground floor which is well configured.

The first floor and basement which were formerly occupied by Natwest bank are currently vacant.

The first-floor offices are open plan and well specified with air-conditioning and benefit from a four-person lift.

Location

3 & 3A The Bridge is well located in what is considered Guernsey’s second main retail centre.

It benefits from good footfall and has on street parking immediately outside.

Tenancy

3A the bridge is let to David Alan Perchard t/a Shoestring by way of an internal repairing lease that expires on 24th March 2029, with the tenant being responsible for rates and all utilities consumed on the premises, as well as the repair of the shopfront.

The Passing Rent of £40,000 per annum is payable quarterly in advance and is not subject to any further reviews.

Tenure

The property is held freehold.

Asset Management

There is an immediate opportunity to let the vacant offices to generate an additional £40,000 pa.

Legal & Professional Fees

Each party to bear their own costs, whether a transaction arises.

VAT

There is no VAT payable in Guernsey.

Proposal

The vendor is seeking offers in the region of £900,000 (Nine Hundred Thousand Pounds) which is a low capital value of £170 per sqft.