Retail, St Helier
The property forms part of terrace of buildings on the southern side of Cheapside. Other nearby occupiers include: Danny’s Fish & Chips, Cheapside Laundrette, Jersey Hyundai and The Old England Pub. The town centre and Parade Gardens Park are both just a short walk away.
This is a rare and unique opportunity to acquire a mixed use property within the centre of St Helier. The property is a mixture of retail and residential dwellings over ground, first and second floors. The retail area is located on the ground floor with a one bed self-contained flat on each of the first and second floors.
The current contracted rental is £36,096.60 per annum.
Offers in excess of £450,000 are invited for the property. The sale will be completed by way of either freehold sale or share transfer.
Net initial yield 7.8% (assuming 3% purchase costs).