St Saviour

• DEVELOPMENT OPPORTUNITY
• SEALED BID TENDER
• LARGE COMMUNAL GARDEN
• SIX LARGE APARTMENTS
• PARKING FOR SIX CARS
• SHARE TRANSFER
• OFFERS IN EXCESS OF £2.2M
• CLOSING DATE 12PM 21ST JUNE 2024

Palace Apartments: A Unique Investment Opportunity in Palace Close

Welcome to Palace Apartments, a promising development located within the esteemed Palace Close. This block of six units offers a diverse range of three and four-bedroom apartments, each spanning approximately 1,100 sq ft. With a compelling option to either retain the current structure or completely redesign and modernise, this property presents an exciting prospect for visionary buyers.

Key Details:

Sales Process: The development will be sold via closed bid tender process.

Minimum Offer: Offers above £2.2 million are invited.

Transaction Requirement: Full cash purchase is required.

Sale Type: The sale is a Share Transfer of a clean company.

Property Features:

• Each unit is generously proportioned, providing ample living space that can be tailored to meet modern standards and personal preferences.

• The potential for redesign opens up a world of possibilities, allowing you to create contemporary, stylish living spaces that cater to today’s lifestyle demands.

• Large communal garden area, perfect for relaxation and socialising while enjoying the far-reaching sea views.

• Storage units located beneath the apartments, providing valuable extra space for each resident.

• Parking is well accommodated with six designated spaces, ensuring convenience for all occupants.

This transaction requires a full cash purchase, presenting a unique opportunity for investors and developers looking to undertake a project with significant potential for return. Any potential plans for redesign or construction will be subject to planning permission, offering the opportunity to align the project with contemporary architectural standards and local regulations.

Embrace the chance to shape the future of Palace Apartments, transforming this block into a beacon of modern living in the heart of Palace Close. Whether you’re an investor seeking a rewarding project or a developer with a vision, this property offers unparalleled potential.

Submit your bids in a sealed envelope addressed 'FAO: Palace Close Tender' Indigo Estates, 31 Hill Street, St Helier, JE3 4UA by the closing date of Friday 21st June 2024 at 12pm for your chance to secure this exceptional investment opportunity.