Shops 1 & 2, 19 & 21 David Place – Retail Investment

ASKING £450,000 / Freehold
All Properties Under Offer

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 .

DESCRIPTION

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

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Address

  • Country: Jersey
  • City / Town: St Helier
Open on Google Maps
  • 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

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