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10 Conway Street, St Helier, Jersey

Retail Investment

Asking price of £ 700,000

Retail
Address:

10 Conway Street

Total Area: 574 ft2
Availability:
Immediately

About this property

LOCATION

The property occupies a very prominent location in Conway Street close to the heart of St Helier. More specifically the property is roughly equidistant between Broad Street and the Esplanade. Many of the Island’s main clearing banks are located in the immediate environs and Conway Street has a high flow of pedestrians from the centre of town to the Waterfront. Nearby occupiers include Bento Sushi, Mange Tout, Lloyds Bank, Nat West, Barclays, Jersey Post and Alliance.

DESCRIPTION

The Property is a 3-storey terraced building of traditional masonry construction providing accommodation over basement, ground and two upper floors with additional accommodation within the roof space. The ground floor is split into 2 separate retail units, currently let to Gelaires Nail Spa Limited and The Chocolate Bar Limited. Each unit has access via communal stairwell to their own dedicated basement. There is a central stairwell which also provides access to the flat which is located on the 1st and second floors and attic space. There is a 2/3 bed flat situated on the first and second floors and attic space.

ACCOMMODATION

The premises provide the following net internal floor areas:

Ground Floor Retail 1      –             195 ft2 (18.12 m2)

Basement                          –             102 ft2 (9.48 m2)

Ground Floor Retail 2      –             178 ft2 (16.58 m2)

Basement                          –              99 ft2 (9.22 m2).

First & Second Floor & Roof space – Flat

TENURE

The Property is held freehold.

SALE PRICE

The Property is also being offered for sale by way of a freehold transfer at an asking price of £700,000, exclusive of GST if applicable. This reflects a net initial yield of 6.40% allowing purchasers’ costs of 3.45%.

VAT

VAT is not levied in Jersey, however, a Goods & Services Tax (GST) maybe applicable. All figures quoted in this brochure are exclusive of GST and we would recommend that any prospective purchasers make their own enquiries in this regard.

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.

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