Regency House Portfolio
Investment, St Helier
This is a rare and unique opportunity to acquire an established and diverse mixed use property portfolio, within the centre of St Helier, Jersey. There are numerous opportunities to enhance and add value across the portfolio.
The portfolio is a mixture of offices, retail and residential dwellings over ground, first and second floors.
The current contracted rental is £551,056 per annum.
Asset Management Opportunities
There are a number of asset management opportunities to add value within the portfolio due to several upcoming lease renewals and rent reviews, to both market value and Jersey cost of living. The following properties have upcoming opportunities in 2017: 48 Don Street, 6 Cattle Street, 20 – 22 Halkett Place, 12 La Colomberie and 59 – 61 Halkett Place.
Offers in excess of £7,000,000 are invited for the portfolio. The sale will be completed by way of simultaneous freehold transactions upon completion. Consideration will also be given to a breakup of the portfolio.
Net initial yield 7.63% overall (assuming 3% purchase costs per property and allowing for 7% management fees on the residential properties).