Hargreaves Group on behalf of Three Saints Limited are pleased to announce it has completed the purchase of a multi let office building in St Peter Port, Guernsey, for c.£12,650,000 reflecting an initial yield of c.9.50%.
The 43,000 sq. ft. (3,994 sq. m.) property comprises three interlinked office buildings over ground to fourth floors, with a large underground car park and is situated in the heart of St Peter Port, close to shops, restaurants and other amenities.
This purchase illustrates the current appetite the Hargreaves Group have to acquire quality assets that deliver long term value, as we continue to expand our portfolio with well-located commercial investments, that provide asset management opportunities and deliver growth.
Hargreaves have appointed Watts Property Consultants in Guernsey to provide a range of real estate advisory services.