The ground floor of this property (formerly a restaurant) is now available for letting as office accommodation. An application for change of use has just been approved by the Planning & Environment Committee. On-site car-parking, for up to 15 cars, is also available along the front of the building. The property is under six minutes walk from Royal Square, following the level route via La Motte Street.
The upper floors of the building are registered as a superior-grade lodging house, which we operate ourselves. Whilst the offices are accessed via the main entrance to the building on St Saviours Road, access to the lodging house is gained entirely separately from the rear of the building in Ann Street.
The useable office area is approximately 3,000 square feet and is, therefore, suitable for accommodating some 25 or more staff very comfortably. The ground floor of the premises is centrally heated and the windows are double-glazed. There are separate male and female toilets.
The proposed commencing rental, for the office element, is £50,000 per annum (ie about £16.50 per sq ft) and for the car-parking (if required) an additional £15,000 per annum (ie about £20 per week per car space). In the prevailing market, these proposed rentals are negotiable, especially in the case of a reliable covenant.
We will consider any length of lease, so long as it contains triennial rent reviews. Prospective tenants will be asked to pay the legal costs involved.
The agreed rent will be payable quarterly in advance. The tenant will also be responsible for foncier and occupiers parish rates (about £2,250 pa) and internal repairs and decoration. There are certain other property expenses, that will need to be shared on an agreed proportion basis. These items include water rates, electricity usage (a check-meter is in place), heating and hot water costs (the oil-fired boiler is shared), exterior decoration of the ground floor and external repairs & maintenance generally. However, nothing is set in stone.
The premises themselves will need to be formally converted from a restaurant and bar into an open-plan office configuration. The cost will probably be between £10k and £30k, depending on whether a raised floor is required. We could be persuaded to contribute up to half the cost of conversion (with a maximum contribution of say £15k), which we would reimburse on presentation of receipted invoices or architects certificate.
To inspect the premises, please call 01534 766366
Last updated 1st of July 2003 by JerseyWeb