Prime Retail – 77-79 King Street
LOCATION
77-79 King Street is located in a 100% prime retail location in the heart of St Helier town centre, at the more desirable west-end of King Street. Directly opposite are W H Smith, Superdrug, Aurum, Pebble the Co-op, Santander and Premier Inn.
DESCRIPTION
A landmark St Helier property, “the Clock Tower” has recently undergone complete renovation both internally and externally. Currently trading as a café, the property would be ideally suited to this continuing use. Arranged over ground and two upper floors, the 2nd floor provides a staff / amenity area with W.C. and store; the 1st floor provides a food preparation space; the ground floor provides a food servery station together with customer seating area. Externally, there is a small al-fresco area which is subject to a chose-publique licence from the Parish of St Helier.
- Rare opportunity to secure a unique trading location
- Presented in excellent condition throughout
- Ground floor trading area with upper floor ancillary areas
- 100% prime location
- Ready to occupy
ACCOMMODATION
The Property has been measured in accordance with the RICS Code of Measuring Practice and the Net Internal Area is as follows:
- Ground – 320 sq.ft. / 29.73 sqm
- First – 252 sq.ft / 23.41 sqm
- Second – 199 sq.ft / 18.49 sqm
- Total – 771 sq.ft. / 71.63 sqm
OPPORTUNITY
The opportunity exists to lease 77-79 King Street for a term of 9-years on FRI terms at a commencing rental of £36,000 per annum, subject to 3-yearly rent- reviews in-line with the JRPI. Certain moveable fixtures and fittings which are the property of the current tenant may be available by way of separate negotiation. Vacant possession of the Property is anticipated to be provided from 01st June 2023.
LEGAL COSTS
Each party to bear their own legal costs and any other cost incurred in the letting of this property, whether or not a transaction completes.
GST
GST is applicable in Jersey at a rate of 5.00% and we recommend that potential purchasers take independent professional advice in this regard.
VIEWING
For further details and viewing, please contact the vendor’s sole agent, Jonathan C Quérée MRICS at Quérée Property Consultants Ltd on 630660 (T) or 077978 40008 (M).
