Titan House, St Helier

Description

Location, Titan House is conveniently situated towards the eastern end of the Esplanade, "bookending" Jersey's prime office district in a prominent position at the junction of Weighbridge Place and the Esplanade., Occupiers in the immediate vicinity include Barclays Bank, Triton, Equiom, Accuro, Appleby, Hawksford, Lloyds and Alex Picot Trust., The property enjoys views over both The Weighbridge and Liberation Square and the harbour beyond. Description, The Property was redeveloped in 2015 to provide a restaurant on the basement and ground floors and office space on the four upper floors. Prior to leasing, the offices were finished to a full BCO Cat A standard including, - Raised access floors., - Suspended ceilings with LED lighting., - Air-Conditioning., - Kitchenettes., - WC’s and shower rooms., - Carpets., The office premises have been fitted out to a very high standard and are fully occupied. As the building occupies a prominent corner site, the offices benefit from excellent natural light provision., The communal office areas benefit from an attractive staircase and 8-person passenger lift with secure fob access system. The ground floor F&B unit has its own dedicated entrance from Weighbridge Place, whilst the offices have their own self-contained entrance from the Esplanade., The west and south facing facades are listed Grade 4 – Ref: HE0750 Accommodation, The Property has been measured in accordance with the RICS Code of Measuring Practice and provides the following net internal floor areas, Fourth Floor - 2,928 sq.ft. (271 sqm), Third Floor - 3,031 sq.ft. (281.59 sqm), Second Floor - 3,147 sq.ft. (292.36 sqm), First Floor - 3,275 sq.ft. (304.25 sqm), Ground Floor - 2,651 sq.ft. (246.28 sqm), Basement - 1,816 sq.ft. (168.71 sqm), Total - 16,848 sq.ft. (1,565.17 sqm) Price, The opportunity exists to acquire the freehold interest in the property, subject to the aforementioned leases, for a consideration of £8,350,000, equating to a NIY of approximately 6.60% after purchase costs of 5.00%, rising to approximately 6.8% in October 2027 (exclusive of GST if applicable). Legal Costs, Each party to bear their own legal costs and any other cost incurred in the sale of this property. Viewings, Strictly by appointment with Broadlands Commercial, the Vendor’s sole agent., Nick Trower MRICS - Director, Guy Gothard FRICS,