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Property Sales Jersey

St. Helier £1,600,000

Sold STC
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    Don Street St. Helier
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    Don Street St. Helier
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    Don Street St. Helier
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    Don Street St. Helier
  • Prime location in the centre of town close to King Street
  • Good covenant offering personal guarantee
  • Excellent window frontage
  • Good condition throughout with plenty of natural light
  • Offering an initial yield of 6.7%
  • Early viewing recommended by Landlords sole agent

An excellent opportunity has arisen to purchase a well established Investment property in a prime central location close to King street and the central market. This four story building provides fabulous window displays as well as a separate office with staff / kitchen facilities. Good covenant backed by personal guarantees with an Initial nett yield of 6.7%

Description
The building comprises of a four story building of brick construction, plastered and painted walls,suspended ceilings,solid concrete floors, air conditioning,male and female toilets and lift to all floors. The building further benefits from ample natural light due to plenty of window space on each floor.

Tenure
PROPOSAL Offers are invited for the freehold interest in the region of 1,600,000 which reflects a net initial yield of approximately 6.7% taking into account professional and legal costsof 1.5% Investment Summary Internally repairing 9 year lease of which 3 years are left to run Rental income of £109,000pa Good covenant backed by personal guarantees

Accommodation
Ground Floor 409.98 m2 First Floor 370.12 m2 Second Floor 363.70 m2 Third Floor 248.30 m2

Legal Cost
Each party to bear their own legal costs

Viewing
Strictly by appointment with Gaudin & Co. Please call Peter Rentsch on: Office 670331 Mobile 07797734699 e-mail peterr@gaudin.je


Jersey
County: Channel Islands
Sale Type: Sold STC
Ref #: GC0183
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