Les Echelons Court presents a rare opportunity to acquire a freehold harbourside office investment in a highly desirable St Peter Port location, directly opposite Havelet Bay.

The self-contained property extends to approximately 8,402 sq ft and benefits from stunning views across Havelet Bay, Castle Cornet, the harbour and neighbouring islands.

Currently let to two tenants, the property generates an annual rental income of £310,738 and offers potential for future asset management, including opportunities to re-gear existing leases, subject to negotiation.

Property Features

• Prime harbourside office investment
• 8,402 sq ft of accommodation
• Stunning views across Havelet Bay and the harbour
• Fully let to two tenants
• Annual rental income of £310,738
• Net initial yield of 7.85%
• 5 secure parking spaces
• Potential for future asset management
• Freehold

Location

Les Echelons Court is situated on Les Echelons, just off South Esplanade, in a prominent harbourside position in St Peter Port.

The property enjoys uninterrupted views across Havelet Bay, the marinas, Castle Cornet and neighbouring islands.

The location provides convenient access to St Peter Port’s town centre, High Street, restaurants and other amenities. The main bus terminus is approximately two minutes’ walk away, with several short- and long-stay public car parks nearby.

The surrounding area is an established commercial location, home to a number of prominent office occupiers.

Accommodation

The property provides approximately 8,402 sq ft of accommodation arranged over a basement, ground and two upper floors.

Floor	Area
Basement – Storage	909 sq ft
Ground Floor – Office	877 sq ft
First Floor – Office	3,402 sq ft
Second Floor – Office	3,214 sq ft
Total	8,402 sq ft

The first and second floors provide contemporary open-plan office accommodation with meeting rooms, kitchens, WCs and shower facilities. The ground floor includes a reception area, meeting rooms and access to the upper floors via stairs and a passenger lift.

Specification

Purpose-built in the early 1980s, the property features a concrete frame with granite facing beneath a pitched pan-tiled roof.

The office accommodation includes raised floors with underfloor trunking, suspended ceilings, recessed lighting and a VRV air-conditioning system.

A full replacement of the air-conditioning system is scheduled at the vendor’s cost, with the timing to be confirmed.

Parking

The property benefits from 5 secure parking spaces within the ground-floor garage, accessed via an electric roller shutter door.

Tenure & Tenancy

The property is held freehold and is currently let to two tenants under separate leases.

The current passing rent is £310,738 per annum, reflecting an average of £36.98 per sq ft.

The Weighted Average Unexpired Lease Term (WAULT) is 8.65 years to expiry, with a tenant break option in March 2029 relating to the principal office accommodation.

The property offers potential for future asset management through lease negotiations.

Key Tenants

New Street Management Limited

An independent financial services group headquartered in Guernsey, providing private client, fund and corporate services.

Titan Wealth (CI) Limited

A wealth management business within the Titan Wealth Group, offering investment solutions to individuals, families, charities and corporate clients.

Investment Proposal

Rock Commercial is instructed to seek offers in excess of £3,750,000, subject to contract.

A purchase at this level reflects a net initial yield of 7.85%, after allowing for purchaser’s costs.

Further investment information, including the detailed tenancy schedule, floorplans and supporting documentation, is available in the brochure.

Further Information

Access to the investment data room, including lease and service charge information, is available on request.