Asking price £2,800,000

The Island Bowl, Victoria AvenueSt Peter Port, Guernsey

    Key features

    • 24,000 sq ft of ground floor leisure space
    • 8 modern apartments let on short term tenancies
    • Current residential income approximately £112,500 p.a.
    • Price £2,800,000

    A substantial piece of Guernsey real estate, comprising of ground floor leisure space, a car park & first floor flats, available to purchase as an investment.

    About this property

    • The large car park provides approximately 110 car spaces which includes 14 spaces allocated to the residential units. Access to the Bowl is through north east entrance but the flats have a separate access via the walkway from the car park. This is a modern building of steel frame construction clad with an insulated metal profile system above lower, block work elevations. Plans are available but in summary the residential units comprise 1 three bedroom unit, 4 two bedroom units and 3 one bedroom units. The 2 and 3 bedroom units have en-suites plus a separate bathroom and all units are finished to a good, modern standard with access onto the attractive roof top terrace. The flats have the benefit of lift access and a direct walkway from the car park provides access on foot into the first floor. The ground floor leisure space was previously let to MFA Bowl Limited but is now offered with vacant possession. It comprises an 18 lane bowling alley, associated stores, pool hall, amusement centre, licensed bar, restaurant and associated kitchen, function rooms, customer WC facilities and ancillary administrative offices. There is also a small car park adjacent to the stores at the north end of the site for works access to the bowling lanes and stores. The interior is finished to a high standard.

    Local information

    • The Island Bowl is located just to the north of Guernsey main town, St Peter Port. Located just inland from the waterfront, this is a very accessible location and the site has ample parking for customers. Guernsey Karting is located just to the north which attracts go-kart enthusiasts complimenting the Bowl.

    Additional information

    • The ground floor leisure facilities were let to MFA Bowl Limited for a but they have exited Guernsey and the premises now have the benefit of vacant possession so any new occupier can continue with the bowling facility or look to replace it with alternative leisure premises, subject to any necessary planning consents.
    • The residential units are let on short term tenancies with no security of tenure. Full details of the individual rents for each flat are available on request but the aggregate passing rent is approximately £112,500 p.a.