DESCRIPTION

The properties form part of a three-storey purpose-built development consisting of retail units at ground floor level with two storeys of apartments above (all sold off separately).

The retail units benefit from a private customer car park immediately opposite housing up to 9 cars.

ACCOMMODATION

The approximate Net Internal Areas of the units are as follows:

Unit 1 - 394 sq.ft.

Unit 2 - 398 sq.ft.

Unit 3 - 399 sq.ft.

TENURE

Unit 1 is let to Green Street Laundrette on a 6 year license (fully equipped) from 1^stApril 2024, expiring on 31^st March 2030 and is subject to annual Jersey Cost of Living rent. The passing rental is £18,450 per annum.

Unit 2 and 3 are let to AE Enterprises Limited with a personal guarantee on a 9 year license from 1^st August 2025 and subject to annual Jersey Cost of Living increases. The passing rental is £32,592 per annum

In summary, all the licenses are on a fully repairing terms with a total rent roll of £51,042.00 per annum.

ASKING PRICE

£650,000. For Sale by way of Share Transfer.

Please call Sarre & Co on 880 880. Please note that all areas and measurements given in these particulars are approximate and rounded. The text, photographs and floor plans are for general guidance only.

Once an offer is accepted and negotiations for the purchase of a property are entered into, the prospective purchasers will be asked to produce photographic identification(passport or driving licence) and proof of residency documentation eg, a current utility bill together with confirmation of source of funds.This is in order for us to comply with the current Money Laundering Legislation.