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23 King Street, St. Helier, Jersey

Prime Retail Investment

£ 1,750,000

RetailInvestment

About this property

 

Description

The Property is a 4 storey terraced building of traditional masonry construction providing accommodation over basement, ground and two upper floors.

The ground floor is currently let to Feel Unique and is used for retail sales and the basement is used for storage and includes a kitchen and WC.

There are two separate access points into the premises with the main retail entrance being from King Street and a secondary entrance from Vine Street to the rear which provides access to all upper floors.

The first floor provides 2 no open plan office areas, a kitchen, under stair store and male and female WC’s. The offices benefit from perimeter trunking, solid ceilings with fluorescent strip lighting and wall mounted electric heaters.

The second floor provides a bedsit and there is a 2 bed flat situated on the second and third floors.

 

Accommodation

The premises provide the following net internal floor areas:

Ground Floor Retail                   –           784 ft2 (72.83 m2)

Basement Storage                    –           286 ft2 (26.57 m2)

First floor offices                       –           654 ft2 (60.76 m2)

Second Floor – Bedsit

Second & Third Floor – 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 £1,750,000, exclusive of GST if applicable. This reflects a net initial yield of 7.00% allowing purchasers’ costs of 4.30%.

 

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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