8,10,12 & 42 Commercial Arcade, St Peter Port, Guernsey

Arcade is a mixed-use five storey building.

It has a retail unit on the ground floor, basement storage and 3 upper floors previously used as storage and offices.

The upper floors are currently vacant and in need of refurbishment or conversion. The ground floor retail area has a triple fronted window display which is highly unusual and affords excellent prominence.

It is currently partitioned into two units but has a consent to create an open plan area. Planning permission has also been granted to convert the upper floors into four residential.

The retail unit is let on flexible terms. Further information on is available on request.

Location

The property is located in arguably the most prominent position within Commercial Arcade.

The Arcade itself is located immediately off the High Street and joins up with Market Square via a pedestrianised walkway.

There are a number of high profile occupiers within the immediate vicinity including Marks & Spencer and Creasey’s Department Store, as well as numerous cafes and restaurants.

Tenure

The property is held freehold.

Opportunity

Potential to convert the upper parts to residential and secure an additional planning consent for a 5th apartment on the 3rd floor.

Let the vacant retail unit which is currently let to a pop-up shop on a short term basis to create an
investment.

VAT

There is no VAT payable in Guernsey.

Legal Costs

Each party to bear their own legal costs and any other costs associated with acquiring the property.