Town Centre Commercial Licensed Premises
LOCATION
4 Wharf Street is located in the heart of St Helier town centre. Conway Street and Mulcaster Street are immediately adjacent. The prime office district of the Esplanade and prime retail thoroughfare of King Street are a moment’s walk away.
Currently occupied by and operated as “JB’s Bar & Restaurant” as bar, micro- brewery and food-servery, the property provides a substantial ground floor trading / commercial area complemented by basement stores and various ancillary areas. Floor plans are attached to these details. Operating within its current use, the property currently benefits from 1st, 3rd and 7th category licenses. Outside of the current use, it is anticipated the property may suit alternative commercial uses such as retail, leisure or health (subject to planning).
The Property has been measured and found to provide the following approximate areas:
Ground Floor – 5,247 Sq.Ft.
Basement – 406 Sq.Ft.
TENURE
Available from March 2024 by way of a new, 9-year, internal repairing & insuring (IRI) lease at a commencing rental of £70,000 p/a, subject to rent-reviews 3-yearly, in line with the JRPI (subject to a cap on any increase of 12.50%).
LEGAL COSTS/GST
Each party to bear their own legal costs and any other costs incurred, whether or not a transaction completes. 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 either of the vendor’s joint-sole agents, Jonathan C Quérée MRICS at Quérée Property Consultants Ltd on 01534 630660 / 077978 40008 or Alistair Sarre MRICS at Sarre & Company on 01534 888848.
