Sole Agent
For further information, please contact Nick Trower MRICS nick@broadlandsjersey.com
Location
The Property is situated on the southern side of La Colomberie and the immediate area provides a mix of retail and service-type users along with offices. The retail amenities of both Queen and King Street are only a short walk away.
The convenient Snow Hill car park is very close by and the large Green Street multi storey car park is located just a few minutes’ walk away.
Description
The Property comprises a 3 storey mid-terrace building which is of assumed masonry construction with cement rendered and painted facades under a slate roof with a dormer in the attic. The ground floor is divided into two retail units, one is Flour Bakery and Café and the second is available To Let or alternatively an opportunity to acquire the building by a retail owner-occupier.
The upper floors provide 5 one bedroom residential units and to the rear there is a courtyard and an external staircase which provides access to 2 one bedroom residential units. The 7 residential units are serviced by their own dedicated entrance and stairwell. A number of the residential units have been refurbished to a good specification.
The building is Grade 4 listed (HE0898) and the Property is well maintained throughout.
Tenure
Freehold
Retail Unit 6a is let to Flour on a 9-year lease ending 31st August 2031. There is a tenant only break option effective 29th September 2027. The lease is subject to 3 yearly RPI rent reviews.
Retail Unit 6b is available To Let at an asking rental of £16,900 pa
7 x Residential one-bedroom flats are all let on standard leases.
Potential Gross total rental income - £125,680 pa
Asking Price
The opportunity exists to acquire the freehold interest of the property, subject to the above noted leases, for a consideration of £1,675,000 exclusive of GST as applicable.
There is also the opportunity to purchase the company holding the property.
Legal costs
Each party to bear their own legal costs and any other cost incurred in the sale of this property.
Viewing
Strictly by appointment with the Vendor’s sole agent.
Nick Trower MRICS
Director – Commercial
T. +44 (0)1534 874141
M. +44 (0)7797751558
nick@broadlandsjersey.com
https://broadlandscommercial.com/commercial/
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