25 million.
The 834 sq m ground floor – the former Langlois auction rooms – with three floors of offices above is currently occupied by legal firm Ogiers and ladies fashion retailer Nautilus.
It has been bought by a UK private investment company.
Langlois say they have sold the property in order to diversify their portfolio and have acquired a number of holdings in the UK.
Alistair Sarre of chartered surveyors and joint agents Sarre & Co said: ‘Langlois have been quite heavily weighted in property terms in Jersey and have decided to spread their investments.
The property, which is let on a series of short-term leases, promises a net initial rental yield of 8.
%, gradually rising to 10.
3% in December 2010.
