MapOffice for sale
Features and description
- Offices with a net internal area of 18,282 sq ft over ground floor and four upper floors
- 17 on-site car parking spaces
- Currently let in its entirety to the Government of Jersey on an FRI lease ending 30/09/2026
- Current passing rental of £538,337.15 per annum
- Additional basement storage area
- 2 brand new lifts
- Redevelopment opportunities
- Total site area of 0.30 acres (0.12 ha)
Liberté House is situated in an established office location in St Helier, Jersey with excellent repositioning potential and immediate asset management opportunities.
The property was built in 1997 and is of steel framed construction with a part glazed and part metal façade under a flat roof and comprises a modern-style office building over 5 floors totalling 18,282 sq.ft (1,698.45 sqm) along with 17 car parking spaces. The offices offer a mix of open plan and cellularised layouts with excellent natural light and attractive floor plates for occupiers.
All of the upper floors are linked via two lifts and two stairwells, with a private terrace on the fourth floor. The office benefits from raised floors, suspended ceilings with recessed lighting, air conditioning, and male and female WCs on each floor.
Rooms
Location
Liberté House occupies a prominent corner position fronting on to Le Motte Street and Hilary Street. It is located within St Helier’s financial and Central Business District, a short distance east of St Helier’s town centre and only a few minutes’ walk away from St Helier’s main shopping area of King Street and Queen Street.
Surrounding occupiers include the Government of Jersey, Jersey Telecom, Digital Jersey, Zedra, Mourant & Standard Bank.
Description
Liberté House is situated in an established office location in St Helier, Jersey with excellent repositioning potential and immediate asset management opportunities.
The property was built in 1997 and is of steel framed construction with a part glazed and part metal façade under a flat roof and comprises a modern-style office building over 5 floors totaling 18,212 sq.ft (1,698.45 sqm). The offices offer a mix of open plan and cellularised layouts with excellent natural light and attractive floor plates for occupiers.
All of the upper floors are linked via two lifts and two stairwells, with a private terrace on the fourth floor. The office benefits from raised floors, suspended ceilings with recessed lighting, air conditioning, and male and female WCs on each floor.
Accommodation
The property has been measured by Malcolm Hollis in accordance with the RICS Code of Measuring Practice (6th edition) and provides the following Net Internal Area. IPMS areas are available on request.
Ground floor 4,159 sqft 386.4 sqm
First floor 3,944 sqft 366.4 sqm
Second floor 3,939 sqft 366.0 sqm
Third floor 3,652 sqft 339.3 sqm
Fourth floor 2,588 sqft 240.4 sqm
Total 18,282 sqft 1698.5 sqm
Car Parking
There are 17 on-site car parking spaces.
Alternatively, the building is less than a 10-minute walk from the excellent public parking facilities provided within Snow Hill car park and Green Street multi-story car parking offering 90 and 551 car parking spaces respectively.
The Site
The site area is approximately 0.12 ha (0.30 acres).
Tenancy
The property is let in its entirety to the Government of Jersey on a full repairing and insuring lease expiring on 30th September 2026.
The current rent passing amounts to £538,337.15 per annum.
Tenure
Freehold
Asking Price
The opportunity exists to acquire the freehold interest of the property, subject to the above mentioned lease, for a consideration in excess of £3,250,000 exclusive of GST as applicable.
A purchase at this level equates to circa £177 psf overall.
Legal costs
Each party to bear their own legal costs and any other cost incurred in the sale of this property.
Parking - Off street
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