Shops 1 & 2, 19 & 21 David Place – Retail Investment
3109
Property ID
1,148 SqFt
Size
Description
➢ 9-Year Lease – 30/11/25
➢ Rental – £26,400 p/a
➢ JRPI Based Rent-Reviews
➢ Rent Deposit & Personal Guarantee
➢ 5.87% Gross Yield
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 .
Shops 1 & 2, form the ground floor of 19 & 21 David Place; the upper floors have recently been the subject of a comprehensive programme of renovation works and have either been sold or are currently offered for sale to the market.
Shops 1 & 2 provide an attractive addition to the David Place streetscape, benefitting from Victorian shop frontages – recently redecorated together with the remainder of the buildings façade – incorporating large, glazed timber displays and attractive pedestrian entrances. Directly in-front of the shops are 2 x car parking spaces.
Internally, both shops have been re-fitted by the current tenant – operating as a hairdressers and beauty-salon – to a high standard incorporating the usual shop fittings together with a variety of basins and customer points to service the business. The shops share an integral kitchen / staff area and W.C. located to the rear of the units.
- Prominent and bright retailing space
- Attractively fitted out
- 2 x parking spaces
- Readily re-lettable either jointly or separately
ACCOMODATION
The Net Internal Area of the ground floor area is as follows:
Shop 1:
Retail – 705 sq.ft / 65.50 sqm
Store – 31 sq.ft / 2.90 sqm
Shop 2:
Retail – 355 sq.ft / 32.98 sqm
Kitchen – 57 sq.ft / 5.26 sqm
TENURE/LEASE TERMS
Shops 1 & 2, 19 & 21 David Place are held flying-freehold. Both shops are held under a single, 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 £26,400 p/a and rent reviews are 3-yearly in line with the JRPI.
OPPORTUNITY
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 £450,000 exclusive of GST as applicable. A sale at this level would reflect a Gross Yield on the Gross Income of 5.87%.
LEGAL COSTS
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.
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).
Shops 1 & 2, 19 & 21 David Place – Retail Investment
Send download link to:
Address
- Country: Jersey
- City / Town: St Helier
- Property ID 3109
- Price ASKING £450,000 / Freehold
- Property Type Commercial
- Property status All Properties, Under Offer
- Size 1,148 SqFt
- Label New
- Parish St Helier
- Sector Retail, Investment
Contact
Similar Properties
Capital House – Prime Offices To Let
A landmark St Helier property in a prime central location, recently acquired by a local developer, Capital House is currently undergoing a comprehensive programme of refurbishment. Externally, the listed exterior of the building including the façade and all elevations is being sympathetically restored with new windows throughout incorporating large, thermally efficient glass panels. A new formal entrance has been designed providing a bespoke, fully-integrated disabled access. As well as a new lift, a renewable energy system is being installed to enhance the building’s environmental performance. Internally, Capital House will provide five floors of high-specification offices with a new Cat-A fitout: • Open plan floor layout • Excellent levels of natural light • Suspended ceilings incorporating LED-lighting & comfort-cooling / heating • Perimeter trunking • Dedicated male / female / disabled W.C. facilities and shower to each floor (except the 4th floor which will have a single W.C.) • Kitchenette facilities to each floor • Lift access (ground – 3rd floors) • Communal roof terrace <strong>ACCOMMODATION</strong> Capital House is arranged over ground – 4th floor and provides the following areas: Ground: 1,983 sq.ft / 184 sqm First: 2,166 sq.ft / 201 sqm Second: 2,166 sq.ft / 201 sqm Third: 2,166 sq.ft / 201 sqm Fourth: 580 sq.ft / 54 sqm Total: 9,061 sq.ft / 841 sqm In addition, there is a communal external terrace to the fourth floor. <strong>AVAILABILITY</strong> The property is currently undergoing refurbishment and, it is anticipated, will be ready for occupation / tenant fitout from the 2nd quarter of 2021. <strong>TURN-KEY LETTING OPTION</strong> Subject to lease-terms, either the whole building, multiple floors or a single-floor can be made available in full, “turn-key”, occupation-ready order, fully fitted out to Tenants’ specification. This option is provided subject to lease terms. <strong>RENTAL</strong> Capital House is available at a quoting rental of £29.50 per sq.ft exclusive of all other outgoings and of GST as applicable. <strong>LEGAL COSTS</strong> 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. <strong>VIEWING</strong> By contacting either Jonathan C Quérée MRICS at Quérée at Property Consultants Ltd or otherwise, the Lessor’s joint sole agents Sarre & Company and CBRE.
Ann Court – Unit 4
LOCATION Ann Court is located north of St Helier town centre, close to the Millennium Town Park, Minden Place Public car park and the new Premier Inn Hotel and wider Le Masurier “Merchant’s Square” residential and commercial development on Bath Street. The Arts Centre is immediately adjacent and the main commercial centre of St Helier […]
Mixed/Commercial Investment
Mixed/Commercial Investment – £1.225m Contact Directly for further information VIEWING By contacting the vendor’s sole agent, Jonathan C Quérée MRICS at Quérée Property Consultants Ltd.
21 Seale Street
OFFICES / MEDICAL / RESIDENTIAL / GARAGING 893 sq.ft commercial grd & 1st floors Impressive studio apartment & terrace Large Garage Fitted out to a high standard LOCATION 21 Seale Street is located in the heart of town, close to the Town Hall, The Parade and Sand Street car park. The prime retail and office […]
Stay In Touch