Lodging House Investment – £1,550,000

£1,550,000
All Properties

3245

Property ID

3,025 SqFt

Size

Description

LOCATION

Cheval Roc Apartments is located within Les Nouvelles Charrieres, above Bonne Nuit Bay, in the Parish of St John. Bonne Nuit Bay itself is a short walk away and St John’s Village, a 2-minute drive away. We attach a location plan for reference purposes.

DESCRIPTION

LETTING/INCOME SCHEDULE

In the expectation of imminent onward sale, the Property is only partially let on short-term residential licenses (which may be immediately terminated). Current Gross Rental Income is £68,400 p/a. We anticipate that if the Property were fully let at market level, Gross Rental Income could increase to £103,200 p/a.

➢ Apartment 1 – Currently let at £1,450 p/m inclusive of utilities. Anticipated rental achievable £1,800 p/m.

➢Apartment 2 – Currently let to caretaker at £1,200 p/m inclusive of utilities. Anticipated rental achievable £1,800 p/m.

➢ Apartment 3 – Currently let at £1,350 p/m inclusive of utilities. Anticipated rental achievable £1,600 p/m.

➢ Apartment 4 – Recently let at £1,700 p/m.

➢ Apartment 5 – Currently vacant. Anticipated rental achievable £1,600 p/m.

OPPORTUNITY

The opportunity exists to acquire “Robil Limited” which holds the freehold of Cheval Roc Apartments and benefits from the requisite license facilitating operation of the Property as a registered lodging house. It is therefore suggested that potential purchasers will be most interested in acquiring Robil Limited although if preferred, the freehold may be offered for sale in isolation.

Subject to the lease agreements detailed herein, Robil Limited / the freehold of Cheval Roc Apartments is offered for sale at £1,550,000 exclusive of GST as applicable.

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.

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).

Lodging House Investment

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Address

  • Country: Jersey
  • City / Town: St Helier
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  • Property ID 3245
  • Price £1,550,000
  • Property Type Commercial, Residential
  • Property status All Properties
  • Size 3,025 SqFt
  • Label New
  • Parish St John
  • Sector Investment

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