For Sale/To Let – Warehouse / Industrial
£5,625,000 | 41,076.00 ft2 sq. ft. | Commercial Premises, Warehouse/Industrial | St Saviour
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The subject property – Tregear House – is situated on Longueville Road, St Saviour, a main arterial route routing traffic from St Helier, east, towards Grouville. Les Varines borders the site to the west and Brickfield Lane to the north. St Helier town center and the commercial harbor of St Helier is approximately 1.50-miles away while Jersey airport is approximately 6.50-miles away. Longueville Road serves as a primary location for the islands warehousing, industrial warehousing and retail warehousing with numerous notable occupiers nearby. Rue des Pres Trading Estate is located a short drive away and provides a further volume of warehouse prime accommodation. The immediate vicinity is otherwise mainly developed to medium-density housing with notable developments in the locality including Miladi Farm, Clos de Longueville, Le Clos Gosset and Place Les Gallais.
Tregear House comprises a significant landholding of approximately 60,548 Sq.Ft. / 5,625 Sqm (1.39 Acres). Approximately 2/3rds of the site is developed to steel portal-frame warehousing and block-built offices, arranged over two floors, while the remainder of the site is adopted as yard / open-storage and car parking. The internal accommodation of the warehouse and office building has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and is detailed below:
- Ground Floor Office 1,211 Sq.Ft
- Ground Floor Warehouse 32,700 Sq.Ft
- Mezzanine Level Warehouse 4,509 Sq.Ft
- First Floor Office 2,656 Sq.Ft
- Total 41,076 Sq.Ft
PLANNING
The Property has historically, and is currently, adopted as a brewery site with ancillary uses of storage, offices and car parking. The prevailing use class under the Planning and Building (General Development) (Jersey) Order 2011 is therefore Class E – Warehouse. The prevailing use therefore supports onward use of the property either as warehouse storage or industrial warehousing. Alternative uses of the property may, on a case-by-case basis, be acceptable, subject to landlord consent and / or consent from the Planning & Building Department.
OPPORTUNITY
While the Property is currently occupied, it is anticipated that vacant possession may be provided within a period of 6-months from 01st October 2026. The property is therefore offered either for sale at a quoting £5.625 million (freehold, exclusive of GST as applicable) or alternatively, to let on a new, 9-year FRI lease (subject to a schedule of condition) at a commencing rent of £450,000 P/A, subject to triennial, upward only rent reviews in line with the JRPI; lease incentives and break options may be available, subject to status and negotiation.
LEGAL COSTS
Each party to bear their own legal and other any other costs relating toacquisition / sale of the property, whether completed or not.
VIEWING
By contacting Jonathan C Quérée MRICS at Quérée Property Consultants Ltd.
