38 High Street, St. Peter Port, Guernsey

PRIME

RETAIL FOR SALE

PRICE ON APPLICATION

38 High Street, St. Peter Port, Guernsey

LOCATION The property is located in the centre of St Peter Port within a 100% prime position on High Street. There are a number of high-profile occupiers within the immediate vicinity including Boots, Marks and Spencer, HSBC and Crew Clothing to name a few. There are various short-term parking options nearby while the North Beach Car Park is just a few minutes’ walk away. The property is also only a short stroll from the prime office areas of Glategny Esplanade and St. Julian’s Avenue. DESCRIPTION The Property would appear to be of traditional granite construction with timber framed elevations to the ground and first floor and granite elevations to the 2nd and 3rd floors built under an assumed pitched slate roof. The ground floor of the Property comprises good quality retail space. The first floor comprises a restaurant and bar and the 2nd and 3rd floors comprise residential and ancillary uses. ACCOMMODATION The Property has been measured in accordance with the RICS code of measuring practice. The Property provides the following net internal areas: Ground Floor Zone A: 441 sq.ft (40.97 sq.m) Ground Floor Zone B: 283 sq.ft (26.29 sq.m) Ground Floor Zone C: 309 sq.ft (28.71 sq.m) Ground Floor Zone C: 392 sq.ft (36.42 sq.m) Remainder: 141 sq.ft (13.10 sq.m) First - Third Floors: 4,320 sq.ft (401.34 sq.m) – Restaurant, ancillary, residential. LEASE INFORMATION The upper floors are let to LDF Limited by way of a 21-year internal repairing lease that expires on 24th December 2033, subject to a mutual break on 24th December 2022 at a rental of £30,000 per annum. There are 5 yearly open market rent reviews. TENURE Freehold. PROPOSAL Price on Application. Freehold for sale by way of an INFORMAL TENDER, subject to contract and Vendor approval. Preference will be given to unconditional offers but conditional offers considered. Tenders should be submitted to the offices of D2 Real Estate Limited by 5pm on Friday 14th May2021. Tenders to be submitted in a sealed envelope marked “Tender 38 High Street” using the tender form provided within these particulars or via e-mail. LEGAL COSTS Each party to bear their own legal costs and any other cost incurred in the purchase of this property.

D2 Real Estate Limited for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither D2 Real Estate Limited nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. Unless otherwise stated all prices and rents are quote exclusive of GST. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment.

38 High Street, St. Peter Port, Guernsey

LOCATION MAP

D2 Real Estate Limited for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither D2 Real Estate Limited nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. Unless otherwise stated all prices and rents are quote exclusive of GST. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment.

38 High Street, St. Peter Port, Guernsey

38 High Street, St. Peter Port, Guernsey INFORMAL TENDER (Subject to Contract and Vendor Approval) This form, together with any supporting information, must be submitted no later than 5pm on Friday 16th April 2021. It must be delivered in a sealed envelope clearly marked on the outside “Tender 38 High Street” to the offices of the vendor’s sole agent, D2 Real Estate or via e-mail. The vendors do not bind themselves to accept the highest nor any of the tenders submitted. Tenders are invited subject to contract and client approval.

Purchaser’s Name:

Address:

Telephone: E-mail:

Legal Representative:

VIEWING Offers (exclusive of GST if applicable):

Strictly by appointment with the Vendor’s sole Is Funding Required? Yes / No agent;

D2 Real Estate (Guernsey) Ltd, Suite 1, Carinthia House, Proposed Completion Date: 9 – 12 The Grange, St Peter Port, Guernsey, GY1 2QJ Conditions:

CONTACT Alex Titheridge

TELEPHONE 01481 723375

EMAIL [email protected] Signed ...... Dated ......

D2 Real Estate Limited for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither D2 Real Estate Limited nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. Unless otherwise stated all prices and rents are quote exclusive of GST. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment.