11 Cheapside

Retail, St Helier

Location

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.

Opportunity

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.

Rent

The current contracted rental is £36,096.60 per annum. 

Price

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.

Yield Profile

Net initial yield 7.8% (assuming 3% purchase costs).

£
Buy

Location

St Helier


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