• IFC 1 is Jersey’s premier multi-let office building

• IFC 1 forms part of the prestigious IFC Jersey development which will provide 470,000 sq ft of Grade A office accommodation in the heart of Jersey’s central business district and Waterfront area

• IFC 1 completed in March 2017 and provides a super prime, highly specified Grade A office building arranged over basement, ground and five upper floors totalling 70,382 sq ft

• Column-free floorplates with a central core provide complete flexibility on fit outs • Standalone building with highly glazed façade offering excellent levels of natural light

• BREEAM ‘Excellent’ rating

• 33 basement car parking spaces • Multi-let to six blue-chip tenants providing a strong and diverse income profile

• Combined total income of £2,636,156 per annum

• WAULT of 17.2 years to expiry and 12.6 years to break

• Long leasehold

• Jersey is regarded as one of the world’s leading offshore financial centres with a Standard & Poor’s credit rating of AA-/A-1+ and a GDP of £4.1 billion (2016)

• Jersey has excellent communications with the UK mainland and Europe

• A loan to value ratio of 60% provides attractive cash on cash returns in excess of 10.00%

We are instructed to seek offers in excess of £43,300,000 (Forty Three Million, Three Hundred Thousand Pounds), subject to contract and exclusive of GST (VAT).

A purchase at this level reflects an attractive net initial yield of 6.00% assuming purchaser’s costs of 1.50%.

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IFC1, The Esplanade, St Helier

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