St. Helier £525,000

  • Photo 1
    La Motte Street St. Helier
  • Photo 4
    La Motte Street St. Helier
  • Photo 5
    La Motte Street St. Helier
  • A mixed commercial and residential property for sale
  • Ground floor commercial unit with cellar separate staff room & WC facility
  • 1 x bedsit on the 1st floor and 2 bedroom flat on the 2nd floor with own separate entrance
  • Great location close to the centre of town and Snow Hill car park
  • Combined current income circa £46,000 per annum.
  • Nett yield of 7.73% after purchasers cost of 3.2%
  • Commercial retail internal area of circa 790 sq ft plus cellar
  • 2 years remaining on the Commercial Lease
  • 1 year rolling leases in respect of the Residential apartments
  • Vendors Sole Agent

A mixed commercial/residential premises has become available for sale with immediate effect. More specifically it is situated on La Motte Street just 50 yards from Snow Hill and within walking distance to the centre of town The building consists of a ground floor commercial unit, a bed sit on the first floor and a two bedroom flat on the second floor. It further benefits from having Snow Hill car park in close proximity.

Location
A mixed commercial/residential premises has become available for sale with immediate effect. More specifically it is situated on La Motte Street just 50 yards from Snow Hill and within walking distance to the centre of town The building consists of a ground floor commercial unit, a bed sit on the first floor and a two bedroom flat on the second floor. It further benefits from having Snow Hill car park in close proximity.

Description
The property appears to be of block construction with a wooden facade. Direct access off la Motte Street leads you into the main shop area. To the back of the premises there is a staff room with a private WC facility. It also incorporates a fire escape leading on to the flat roof to the rear of the property. Steps off the main shop area lead down to a substantial cellar ideal for storage. There is a bedsit which is situated on the first floor and a two bedroom apartment on the second floor

Accommodation
Commercial unit 790 sq ft plus cellar - current income £29,139 (The current tenants have completely refurbished as they wish to assign the lease. Expiry date 28th February 2020) Flat No 1 (bedsit) - current income £5,580 Flat No 2 (2 bed) - current income £10,864.80

Terms
Property is being offered for sale at an asking price of £595,000

Legal Costs
Each party will be responsible for their own legal cost.

Viewing
Strictly by appointment only with Gaudin & Co. Please call Mark Greenfield on: Office 670331 e-mail markg@gaudin.je



Name Location Type Distance
Jersey
County: Jersey
Sale Type: For Sale
Ref #: GC0704

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