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Mill Court

La Charroterie, St Peter Port, Guernsey

Mill Court is a self-contained Grade A headquarters office buidling arranged over ground and four upper floors totalling 37,041 sq ft. The property was built in 2003 and is of steel frame construction with attractive polished stone and glazed facades under a shallow hipped slate roof. 

The building provides modern, open plan accomodation with ultimate flexibility to be let as a whole or on a floor-by-floor/ partial floor-by-floor basis such that Mill Court can serve a wide range of occupier requirements. 

The property benefits from a total of 170 car parking spaces located in a  secure, two tiered, underground facility to the rear of the property.

Key Features

  • Mill Court is a self-contained Grade A headquarters office building, providing 37,041 sq ft of modern, flexible accommodation.
  • One of Guernsey’s best in-town car parking ratios of 1:215 sq ft on the office accommodation.
  • Multi let to eight tenants including Credit Suisse, providing a diverse and well balanced income profile.
  • Combined total income of £1,384,471 per annum which equates to a low average rent of £30.36 per sq ft on the office accommodation.
  • Numerous asset management opportunities to improve the WAULT and drive income returns.
  • We are instructed to seek offers in excess of £13,130,000 (Thirteen Million, One Hundred and Thirty Thousand Pounds), subject to contract for our client’s freehold interest.
  • A purchase at this level reflects an attractive net initial yield of 10.00% exclusive of purchaser’s costs of 5.43%.
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UNDER OFFER
Mill Court Mill Court
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