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Park Place

Park Street, St Peter Port

Park Place is a Grade A headquarter office building arranged over ground floor and four upper floors totaling 17,267 sq ft. The property was completed in 2005 and is of steel frame construction with an attractive stone facade under a pitched roof covered with slate tiles.

Internally the property benefits from good natural light and the following high quality internal specification: fully carpeted rasied floors, air conditioning, WC's, shower facilities, a kitchen as well as a striking reception area.

There are a total of 38 on-site car parking spaces primarily located. The car park is currently undergoing works to improve the facilities, which are being funded through the service charge.

Key Features

  • Grade A headquarters office building totaling 17,267 sq ft
  • High quality internal specification
  • 38 on-site car parking spaces
  • Fully let to HSBC Private Bank (C.I) Ltd on FRI terms expiring 24 December 2021
  • The passing rent is £605,000 per annum
  • Offers are sought in excess of £6,380,000 exclusive of VAT.
  • A purchase at this level reflects an attractive net initial yield of 9.00% exclusive of purchaser’s costs of 5.37%.
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Park Place, Park Street, St Peter Port Park Place, Park Street, St Peter Port
  • Park Place, Park Street, St Peter Port
  • Park Place, Park Street, St Peter Port
  • Park Place, Park Street, St Peter Port
  • Park Place, Park Street, St Peter Port
  • Park Place, Park Street, St Peter Port
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