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51-53 King Street & 8-10 Broad Street

Prime Retail Property

Price on Application

Retail
Address:

51 – 53 King Street & 8 – 10 Broad Street
St Helier
Jersey

About this property

Investment Summary

  • Prime King Street Retail
  • Property available to purchase by informal tender
  • Vacant Possession

DESCRIPTION

This property is centrally located in a prominent position within the traditional heart of St Helier with frontage on both King Street and Broad Street. The position of the shop is 100% prime being located opposite De Gruchy’s Department Store & Next and close to Marks & Spencer.

Nearby occupiers include Marks and Spencer, Schuh, Mountain Warehouse, Voisins, JD Sports, BodyShop, JoJo Maman Bebe, Coffee Republic, Boots, Sure, Jack Wills and WH Smith.

ACCOMMODATION

The Property would appear to be of traditional masonry construction with cement rendered and painted external elevations built under a part pitched slate, part flat roof.

The ground floor of the Property is currently used for retailing with a return frontage to the Broad Street elevation. The basement is used for storage and is accessed via a set of stairs down from the ground floor. The upper floors (1st to 3rd) comprise stores and ancillary areas.

There is also a 3 bedroom flat located over part of the 1st to 3rd floors which benefits from its own private entrance from Broad Street.

The façade of the Property is listed and the full listing is provided under the reference – HE1155.A breakdown of the areas are provided below (NIA):

Basement (ancillary):

Ground (retail):

First (ancillary):

Second (ancillary):

Third (ancillary):

803 sq.ft

1,589 sq.ft AITZA (2,235 sq.ft NIA)

1,583 sq.ft

834 sq.ft

523 sq.ft

1st to 3rd Floors – 3 Bedroom Flat.

TENURE

The property is offered freehold.

PROPOSAL

Freehold for sale by way of an INFORMAL TENDER, subject to contract and Vendor approval.

Preference will be given to unconditional offers but conditional offers considered.

Tenders should be submitted to the offices of D2 Real Estate Limited by 5pm on Friday 12th April 2019.

Tenders MUST be submitted in a sealed envelope marked “Tender 51 – 53 King Street” using the tender form provided within these particulars.

VAT

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

LEGAL COSTS

Each party to bear their own legal costs and any other cost incurred in the purchase/letting of this Property.

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