Ground Retail/Banking Hall and Upper Floor Offices
Alternative uses, subject to Planning and Landlord consent
Assignment or sub-letting of the lease
Available as a whole or on a floor-by-floor basis
Prominent corner building unit in an excellent central location
Location
The Property is located centrally within St Helier, approximately 100 metres to the north east of the prime retail area which is focused along King Street and Queen Street. More specifically the Property is on the east side of the pedestrianised section of Bath Street close to its junction with Hilgrove Street and specifically on a corner position at the junction with Hilgrove Street.
Occupiers within the immediate vicinity include several UK and local retailers and food & beverage outlets including Boots, Mange Tout, Costa Coffee, Le Gallais Self Storage, The Entertainer, Hotel Chocolat and La Bastille brasserie.
There are public car parking facilities within a short walking distance to the north at Minden Place and Charles Street car parks, and to the south at Snow Hill and Green Street car parks.
Description
The Property comprises an imposing granite four story mixed use building, with offices on the ground and the three upper floors. The building, which is Grade 4 Listed (HE0786) dating back to 1835 when it was a warehouse, provides a valuable contribution to the streetscape with its scale and presence on the corner.
The ground and upper floors benefit from part cellularization and part open plan accommodation with painted walls, suspended ceilings, recessed lighting, air conditioning and lift to all floors. Kitchenettes and toilets on all floors.
Accommodation
The Property has been measured in accordance with the RICS Code of Measuring Practice and provides the following approximate net internal floor areas:
Ground floor Retail/Offices 1,663 sq.ft (154.49 sq.m)
First floor Offices 1,299 sq.ft (120.68 sq.m)
Second floor Offices 1,344 sq.ft (124.86 sq.m)
Third floor Offices 477 sq.ft ( 44.31 sq.m)
Third floor
Storage – Full height 198 sqft 18.39sqm
Storage – Eaves space 71 sqft 6.59 sqm
Availability
The whole property is immediately available either by way of an assignment, or sub-letting under the existing head lease.
Sub-lettings of individual parts will also be considered, subject to separate negotiation.
Lease Terms
The whole property is let on a full repairing and insuring 99-year lease which terminates on 25th March 2070 with no tenant breaks. The current head rent of £85,000 per annum (wef March 2025) is subject to 3 yearly upwards only increases in market rental value, the next review being 25 March 2028.
In line with normal market practice a suitable covenant, deposit or guarantee will be required.
Rental
Head Rental £85,000 per annum.
Sub-Rental By separate negotiation and with flexible lease/rental terms available.
All rentals quoted are exclusive of all other outgoings and exclusive of GST if applicable.
Use
The ground floor is used as a Class A – retail or banking hall and with the upper floors as offices.
Alternative uses will be considered (subject to the usual Planning and Landlord consents).
Viewing
Strictly by appointment with the Sub-Lessor’s sole agent.
Nick Trower MRICS
Director – Commercial
T. +44 (0)1534 880770
M. +44 (0)7797751558
nick@broadlandsjersey.com
www.broadlandsjersey.com
Guy Gothard FRICS
Director – Commercial
T. +44 (0)1534 874141
M. +44 (0)7797737127
guy@broadlandsjersey.com
www.broadlandscommercial.com
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