£1,290,000 Commercial
Clos des Pas shopping parade, St. Helier

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Summary

Commercial Type
- Tenure
Qualified Qualification
- Approx Size m2/ft2

 

Great investment

Large customer car park

High footfall location opposite the new 147 lifelong homes

Total - 2,385 sq ft

Location
The Clos des Pas retail parade situated on Green Street, also close to Havre des Pas and the parade benefits from the significant passing pedestrian footfall from the new 147 lifelong homes in Edinburgh House which have just been completed by Andium.

Description
The investment property comprises of 6 retail units and with a line-up of established tenants in this popular location. Green Street Stores superstore occupies a double unit in the centre of the parade and which is open 7 days from 7am till late.
The retail parade benefits from a large customer car parking area which is directly opposite to the shops.

Accommodation
The Net Internal areas of the retail units are approx.

Retail unit No 1 394 sqft 36.61 sqm
Retail units No 2 and 3 797 sqft 74.04 sqm
Retail unit No 4 398 sqft 36.97 sqm
Retail unit No 5 398 sqft 36.97 sqm
Retail unit No 6 398 sqft 36.97 sqm

Tenure
The 6 retail units are held on a fully repairing and insuring leases, with various terms remaining and with the anchor food tenant having a long lease until 29th September 2030.

The Gross rent income is £95,400 pa.

Availability
Immediately on completion of the legal formalities.

Asking Price
The opportunity exists to acquire the freehold interest of the property, subject to the above noted leases, for a consideration over £1,290,000 exclusive of GST as applicable.

Legal costs
Each party to bear their own legal costs and any other costs incurred in the sale of this property.

Viewing
Strictly by appointment with the Vendor’s sole agent.

Erica Zonta A.N.A.E.A Director

T. +44 (0)1534 880770
M. +44 (0)7797 712094

erica@broadlandsjersey.com
www.broadlandsjersey.com

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£
35 yrs
80% 2 year tracker - 5.95%
With a 20% deposit of £258,000 on a property valued at £1,290,000 your monthly payments would be£5,849.75

Stamp Duty

Calculated on the property value of £1,290,000 the total stamp duty would be £33,600
Subject to £80 registration fee and £20 Jurat's fee where applicable.

Estate Agent

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