The 38 vergee site comprises various commercial and residential buildings known as The Arsenal and accessible via a large stone gate house into the walled Estate. Mount Hale House, Block D, Albert Chambers and a row of garages are all arranged around a large central courtyard forming the main hub of the Estate. Victoria House, the Guard House, Arches, the squash court and the former Ronez tarmac plant make up the remainder as can be seen from the site plan and aerial photo. The site is a registered heritage asset within the Longis Common Conservation Area.

1. Albert Chambers (Block B) consists of 10 individual apartments within a two storey stone built Victorian property constructed in circa 1850 to store and supply armaments to the Island’s many British military fortifications. The apartments are spread over two floors with some enjoying sea views towards Braye Harbour. All the apartments have been refurbished to a high standard including kitchens, bathrooms and all have uPVC windows. Albert Chambers also has a large bowling alley and an archive store both of which can be converted to provide additional apartments. Further, the current owner has a ground floor office which can also be converted. No. 7 Albert Chambers is currently used for furniture storage and can be refurbished to provide another apartment. Subject to appropriate consents and design, a further 6 – 8 apartments could be created.
2. Victoria House (Block A) was converted into 16 apartments in 1978. Similar in construction and specification to Albert House, the difference being that all the apartments have been sold off on long leases. The current landlord is required to keep the common parts clean and in a reasonable state of repair and all tenants contribute to a service charge. Full detail on the running and maintenance including service charge budgets can be accessed via the data room. Six of the Victoria House tenants benefit from the six garages which sit adjacent to the building. Prospective purchasers can also explore the potential to extend the long leases with the tenants by way of separate negotiations with those leases expiring on 1st December 2086.
3. Mount Hale House is a two storey detached dwelling which is divided into two large apartments. The two bedroom ground floor apartment was fully renovated in 2024 with the two bedroom first floor apartment renovated in 2023. There are two garages attached, one of which has been retained by the current owner as a boiler house. The various other elements to the site include;
4. Block D which is a former Victorian coal store with an extension. It is currently used for predominantly storage plus a workshop noting the coal store has protected status.
5. The South Garages which form part of the proposed new development are twelve single storey garages currently let on monthly leases.
6. The Arches which comprise a long row of single storey barrel vaulted arches to the rear of Albert Chambers are used as 17 individual garages, 4 larger stores and 2 smaller stores.
7. South Guard House which is a gate house converted into a one bedroom house provided as a home for a long-term employee who keeps a watchful vigil on the site with a lease expiring in 2031.
8. The Squash Court is a standalone stone built building let on an annual basis to a local club.
9. Former Ronez Tarmac Plant which has recently been cleared to allow for the proposed development.
10. It should be noted that all the residential elements on the Estate are fully up to date in terms of compliance and adhering to current regulations around fire, electrics and water. In terms of utilities, mains water is supplied by the States of Alderney. Mains electricity is supplied via an onsite substation owned by Alderney Electricity Limited which offers future capacity for expansion. There is no gas supply on Alderney. Those units in the Estate that require oil for central heating are supplied fortnightly by Alderney Electricity Limited. The Estate is not connected to mains drainage with Septic Tanks servicing all the main buildings.

Planning

The site is categorised in the Alderney Land Use Plan 2017 as Opportunity Area 4, which encourages new comprehensive development. A preliminary declaration was recently approved (November 2025) for a mixed-use residential housing scheme for a maximum of 38 dwellings. A Preliminary Declaration establishes that, in principle, on submission of an application with detailed plans then The Building and Development Control Committee (BDCC) would be likely to grant permission for such development.

A Preliminary Declaration is valid for a period of three years from the date it was issued.A successful purchaser will be able to apply for full planning consent tailoring any development to their precise requirements with the knowledge that they have full support from the planners. Full details on the successful approval from planning is available in the data room together with a supporting Statement of Heritage Significance.

Tenancy

The current total rental income from the Estate is £188,500 per annum. Currently there are no vacant apartments in either; Albert Chambers, Victoria House, Mount Hale House, Block D or the various garages.

The rents on the Albert Chambers apartments are subject to annual GRPI uplifts and we consider there is a good opportunity to drive rental performance through negotiation with tenants on the rents for the other elements.

The Estate is currently managed by a dedicated management company overseeing and maintaining matters day to day. There is the potential for a purchaser to work with the incumbent regarding any handover on a short term basis. Full accounts for Mount Hale Ltd and Victoria Holdings Limited, the two companies holding the assets, are available in the data room

Development Opportunity

Initial design proposals have been prepared via a concept scheme produced by architects PF&A which retains all the physical buildings and structures of heritage significance. The vision will deliver on the States of Alderney objective to increase the supply of new housing whilst regenerating an important heritage asset. The prospective development includes two new two storey blocks both with 12 x 1 and 2 bed flats and 14 houses with associated amenity space and parking plus additional potential for a restaurant /community space.

The 14 semi-detached houses with private gardens are proposed to be on the former Ronez Tarmac Site. The existing South Garages are to be re-developed to provide a two storey apartment block with each apartment having dedicated parking. The size, tenure and type of accommodation can be designed to suit housing need and visitor accommodation demand. For example, the ground floor flats in what would be Block A could be designed specifically for elderly people. The proposed development includes alterations to the existing Block D into a community or retail use with the modern extensions removed to reveal the original walls. Alternative uses have also been considered;

Retirement Living

Alderney has identified a requirement for housing to meet the demand from older purchasers. Any
development could accommodate;

• A variety of dwelling designs that allow the affluent elderly choices in terms of layout options or specification.
• Greater storage and space requirements than typical apartments to accommodate downsizing.
• Improved security and reduced maintenance burden.
• Second bedrooms as extensions to living space for occasional use either for family or visiting guests.
• Balcony access.
• Dual aspect apartments.
• Separation of the kitchen.
• Serviced accommodation provides an alternative to hotel or guest house accommodation.A serviced apartment is a self-contained fully furnished apartment which has housekeeping
  services and utilities included which is rented for a short or long period of time. Often with on site
  management team and shared communal facilities.
• The Heritage Statement report supported the successful planning application highlighting that the integrity of the heritage site will be preserved whilst also improving access, ensuring maintenance and repair of the whole site and the understanding of The Arsenal Estate and its relationship to Fort Albert.

Serviced Visitor Accommodation

Serviced accommodation provides an alternative to hotel or guest house accommodation.
A serviced apartment is a self-contained fully furnished apartment which has housekeeping
services and utilities included which is rented for a short or long period of time. Often with on site
management team and shared communal facilities.

A New Marina

Plans for a Marina for Alderney have been put on hold but could be rekindled. The proposal was
originally put forward by Braye Harbour Developments Ltd in conjunction with marina specialist
architects Kay Elliott in a report. It set out the introduction of a new breakwater, creation of a new
marina and a mixed-use commercial and residential hub to support the marina. The proposals
included using The Arsenal Estate and the bay immediately in front of The Arsenal for Alderney’s
first established marina with associated amenity. All the reports mentioned above are available to download from the data room.

Tenure

Freehold.

VAT

There is no VAT payable in Alderney.

Data Room

Access to a data room with detailed supporting information is available on request.

AML

In accordance with Anti-Money Laundering (AML) regulations, the purchaser will be required to satisfy the vendor on the source of the funds used to complete the transaction.

Proposal

We are instructed to seek unconditional offers in excess of £2,950,000 (Two Million Nine Hundred and Fifty Thousand Pounds), subject to contract and assuming an asset sale.