‘Le Bourg’ offers a rare opportunity in a highly desirable location, offering both immediate income and excellent redevelopment potential. The property currently comprises three commercial units alongside a two bedroom local market apartment. The residential unit and one of the commercial units are tenanted on a rolling lease basis, while the remaining two commercial units are vacant and offer scope for improvement. Planning permission has been granted to redevelop the site to create four contemporary two-bedroom apartments and one one-bedroom unit, presenting a fantastic opportunity to maximise value – alternatively, purchasers may choose to refurbish and modernise the existing accommodation, unlocking its full potential while retaining the current mix of uses and income stream. Le Bourg represents an exceptional opportunity for developers and investors alike.

Features

Location

Purchase price
£525,000
Document duty
£14,750
Registration fee
£315
Total to buy
£540,065

Estimated Guernsey document duty on the asking price, plus fees. Rates from 8 Nov 2024 - always confirm with your advocate.