BNP Paribas Real Estate, on behalf of client Delancey, has sold Charter Place in St Helier, Jersey, for £9.45m to an institutional purchaser.
The 35,120 sq ft office building, located in Seaton Place, St Helier, is multi-let with tenants including Triton Administration (Jersey) Limited, Dominion Fiduciary Services Limited and MRI Services Limited trading as IFM Trust Limited. The total income from the property is in the region of £830,000.
The property is situated on Seaton Place, a prominent position within the Island’s premier office location, comprising a plethora of financial, legal, administrative and fund management occupiers.
BNP Paribas Real Estate’s Paul Griffiths comments: “The sale is one of the few office investments sold in Jersey this year and provides an attractive yield profile together with future asset management potential.”
GVA advised the buyer.