3 & 3a The Bridge

Description

3 & 3A The Bridge is situated in the parish of St Sampson in the heart of Guernsey’s second main retail centre. Being positioned along the main parade, it benefits from good levels of footfall, passing trade and a good provision of onstreet parking immediately outside. Other occupiers nearby include Costa Coffee, Boots, Lloyds Bank, Northside Chip Shop, as well as a number of other independent retailers. Whilst the surrounding area already enjoys predominantly high density residential usage, the planned residential and commercial redevelopments of Leale’s Yard and the former Saltpans Data Park (now owned by the Guernsey Housing Association) will increase surrounding population density. These two developments alone propose more than 500 new homes. The Subject Property's position means that a wide range of alternative uses could be considered, including medical uses and those from within the hospitality sectors. 3 & 3A The Bridge is a mid-terraced two storey property comprising two units, a ground floor retail unit and a first floor office with storage and ancillary accommodation. The retail unit is accessed from street level and has been fitted with a suspended ceiling, LED lights, carpeted floors and a WC. The retail unit is currently let to a local clothes retailer, Shoestring, by way of an internal repairing lease expiring on 24 May 2029 and at a rent of £40,000 per annum. Also accessed from street level but via a set of stairs leading to the first floor is an office which has been refurbished to provide predominantly open plan offices fitted with suspended ceiling, LED lighting, carpet tiled flooring, perimeter trunking, air-conditioning, a passenger lift, kitchenette and toilet facilities. It also has the benefit of ample storage accommodation, including safes. The