Retail Investment , 19 & 21 David Place
19 & 21 David Place is located north of St Helier town centre, close to the Millennium Town Park and a moments walk away from the Bath Street, Premier Inn Hotel and Merchant’s Square residential development .
The Net Internal Area of the ground floor area is as follows:
Retail – 705 sq.ft / 65.50 sqm
Store – 31 sq.ft / 2.90 sqm
Retail – 355 sq.ft / 32.98 sqm
Kitchen – 57 sq.ft / 5.26 sqm
Shops 1 & 2, 19 & 21 David Place are held flying-freehold. Both shops are held under a single, 9-year IRI lease to “Private Party-A” expiring 30/11/25 (no break-option). The lease is subject to a rent deposit of £4,000. Rent passing is £29,040 p/a.
The opportunity exists to acquire the flying-freehold of Shops 1 & 2, 19 & 21 David Place, subject to the above noted lease, for a consideration of £415,000 exclusive of GST as applicable. A sale at this level would reflect a Gross Yield on the Gross Income of 7%.
Each party will bear their own legal costs and any other costs incurred in the acquisition of this property, whether or not a transaction completes.
Strictly by appointment with the vendor’s sole agent, Quérée Property Consultants Ltd by contacting Jonathan C Quérée MRICS or Lucy Schooling MRICS: