JE1 4BP St Helier
- Location and Transport
IFC 1 is newly built, multi-let office building with an enviable tenant line up and a WAULT of 17.2 years to expiry.
- IFC 1 is Jersey
- •s premier multi-let office building
- IFC 1 forms part of the prestigious IFC Jersey development which will provide 470,000 sq ft of Grade A office accommodation in the heart of Jersey
- •s central business district and Waterfront area
- IFC 1 completed in March 2017 and provides a super prime, highly specified Grade A office building arranged over basement, ground and five upper floors totalling 70,382 sq ft
- Column-free floorplates with a central core provide complete flexibility on fit outs
- Standalone building with highly glazed façade offering excellent levels of natural light
- 33 basement car parking spaces
- Multi-let to six blue-chip tenants providing a strong and diverse income profile
- Combined total income of £2,636,156 per annum
- WAULT of 17.2 years to expiry and 12.6 years to break
- Long leasehold
- Jersey is regarded as one of the world
- •s leading offshore financial centres with a Standard & Poor
- •s credit rating of AA-/A-1+ and a GDP of £4.1 billion (2016)
- Jersey has excellent communications with the UK mainland and Europe
- A loan to value ratio of 60% provides attractive cash on cash returns in excess of 10.00%
We are instructed to seek offers in excess of £43,300,000 (Forty Three Million, Three Hundred Thousand Pounds), subject to contract and exclusive of GST (VAT).
A purchase at this level reflects an attractive net initial yield of 6.00% assuming purchaser
- •s costs of 1.50%.