Savills | Grenville Street, St Helier | Properties for sale
48,970 sq ft(4,549.46 sq m)
Excess of £18,500,000

Grenville StreetSt Helier

    Investment
    48,970 sq ft (4,549.46 sq m)
    Yield 8.5%Yield

    Key features

    • SECURE INVESTMENT OPPORTUNITY
    • 2% FIXED ANNUAL RENTAL UPLIFT
    • LEASE TO APRIL 2025
    • REFURBISHED INTERNALLY
    • OFFERS IN EXCESS OF £18,500,000
    • ATTRACTIVE NIY OF 8.5%

    Headquarters of Mourant, one of Jersey’s leading offshore law firms. Let to Mourant’s on two leases. Guaranteed by Mourant LP.

    About this property

    • 48,970 sq ft, freehold office building arranged over 4 floors. 15 on site car parking spaces

    Local information

    • 18-22 Grenville Street is located at the junction of both Grenville Street and Green Street, an established business district within St Helier.
    • Occupiers within the vicinity include State Street Bank, The States of Jersey, Jersey Telecom, JP Morgan and Zedra.

    Additional information

    • Jersey is a renowned financial centre with a strong and prosperous economy.
    • Financial services dominate the economy, employing nearly 22% of the working population and contributing to more than 40% of GDP.
    • As a result, there are 32 registered banks on the island. Total banking deposits on the island is estimated to be £108 billion, with the value of funds under administration as £320 billion, an increase of 66% since 2013.