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Don Street – Mixed Use

£895,000
Ref 070C
2325 sq ft
St. Helier
KEY FEATURES
  • Mixed use investment property
  • Freehold sale
  • Fully let – gross income £60,400 PA
  • Top floor apartment with balcony
  • Total commercial area of 2,334 sq.ft
  • Nick Trower MRICS - 07797 751558 / nick@broadlandsjersey.com

The mixed use investment property comprises a four-storey town house with a retail unit on the ground floor, office accommodation on the first and second floors and a spacious apartment on the third floor with a roof terrace. The property is fully let with a total gross income £60,400 pa, with JRPI linked rent reviews in January 2024 (upward only).

LOCATION
The property lies in a prominent position on Don Street, within a popular area for office, retail and residential uses. It is within close proximity to all town centre amenities including the primary retail pitches of King Street and Queen Street, the central market, as well as Minden Place multi storey car park.

ACCOMMODATION
The retail unit has direct access from the street, whilst the office accommodation and the apartment enjoy separate access via an internal staircase, also accessed via Don Street. There is an internal staircase to the rear providing access between ground and first floor.

The building provides a good level of specification throughout, and a new electric heating system has been installed through throughout the building.

The Net Internal Area of the floor areas are as follows:

Ground floor (retail) 763 sqft (70.94 m2)
First floor (office) 778 sqft (72.29 m2)
2nd floor (office) 792 sqft (73.62 m2)
Third (apartment) Living/dining room, kitchen, bathroom, one double bedroom, connecting bedroom/study and balcony.

Total 2,333 sqft (216.74m2)

TENURE
The Gross current rent income for the whole building is therefore £60,400 per annum.

ASKING PRICE
The opportunity exists to acquire the freehold of 50, Don Street, subject to the above noted leases, for a consideration of £895,000 exclusive of GST as applicable. A sale at this level would reflect a Gross Yield on the Gross Income of 6.748%.

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 Lessor’s joint sole agents.
Nick Trower MRICS
Director – Commercial
T. +44 (0)1534 880770
M. +44 (0)7797751558
nick@broadlandsjersey.com
www.broadlandsjersey.com

DISCLAIMER
Broadlands Estates Limited for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither Broadlands Estates Limited nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. Unless otherwise stated all prices and rents are quoted exclusive of GST. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment.

KEY FEATURES
  • Mixed use investment property
  • Freehold sale
  • Fully let – gross income £60,400 PA
  • Top floor apartment with balcony
  • Total commercial area of 2,334 sq.ft
  • Nick Trower MRICS - 07797 751558 / nick@broadlandsjersey.com
Documents Brochure
Viewing
Please contact us on 01534 880 770 if you wish to arrange a viewing appointment for this property, or require further information.
Disclaimer
Broadlands endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.
4147Don Street – Mixed Use
Interested? Let’s talk

Nick Trower MRICS

Director
Contact Nick on 07797 751558
or via email Nick@broadlandsjersey.com

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