£1,715,000 Retail
Dawlish House, St Helier, St. Helier

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Summary

Retail Type
Freehold Tenure
- Approx Size m2/ft2
Dawlish House - Prime Investment Opportunity in St. Helier Town CentreLocated in the heart of St. Helier, Dawlish House sits at the junction of Charles Street and Ingouville Lane, with proximity to the Arts Centre, Le Gallais Chambers, and the newly developed Ann Court residential and commercial complex.Dawlish House is a fully-occupied, registered lodging house spread across 13 & 15 Charles Street, offering 13 self-contained lodging units, all with en-suite shower facilities, along with a small, vacant retail unit on the ground floor of 13 Charles Street. Recently renovated to a high modern standard, both internally and externally, this property presents a rare opportunity to acquire quality accommodation in a central town location.Property Highlights:13 x Lodging units & 1 x Commercial retail unitNewly renovated throughoutPrime town centre locationFully occupied lodging units, generating incomeAccommodation Breakdown:Lodging Units (13 Total):Flats 4, 5, 8, 9, 10 & 11: One-person unitsFlats 3, 6 & 7: Two-person unitsFlat 12: Two adults & one child unitFlats 1, 2 & 13: Two adults & two-child unitsCommercial Retail Unit: 538 sqft (50 sqm) – Currently vacantCurrent Rents from Residential Lodging Units:Flat 1: £1,148 p/m (£13,776 p/a)Flat 2: £1,100 p/m (£13,200 p/a)Flat 3: £750 p/m (£9,000 p/a)Flat 4: £650 p/m (£7,800 p/a)Flat 5: £650 p/m (£7,800 p/a)Flat 6: £805 p/m (£9,660 p/a)Flat 7: £758 p/m (£9,096 p/a)Flat 8: £700 p/m (£8,400 p/a)Flat 9: £670 p/m (£8,040 p/a)Flat 10: £650 p/m (£7,800 p/a)Flat 11: £650 p/m (£7,800 p/a)Flat 12: £775 p/m (£9,300 p/a)Flat 13: £1,100 p/m (£13,200 p/a)Total Residential Rent: £124,872 p/aProjected Total Rent (Including Commercial Unit): £137,172 p/aRetail Unit Estimated Rent: £12,300 p/aInvestment Opportunity:The freehold of Dawlish House is held within Fenice Ltd, which has the necessary licenses in place to operate the property as a residential lodging accommodation. Potential buyers may choose to acquire Fenice Ltd as a whole, or, if preferred, the freehold of the property alone may be sold separately.For more information or to arrange a viewing, please contact Adam Lescop adaml@gaudin.je
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35 yrs
80% 2 year tracker - 5.59%
With a 20% deposit of £343,000 on a property valued at £1,715,000 your monthly payments would be£7,448.95

Stamp Duty

Calculated on the property value of £1,715,000 the total stamp duty would be £58,825
Subject to £80 registration fee and £20 Jurat's fee where applicable.

Estate Agent

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