LOCATION

The premises are located in the heart of Jersey’s Central Business District and adjacent to the historic Central Market.

More specifically, the premises are situated on the Northern side of Market Street, which is the street off Halkett Street serving the Town Market.

We attach a location plan and site plan for reference purposes.

DESCRIPTION

The premises provide a substantial restaurant at ground floor level with ancillary storage areas, along with a fully equipped kitchen at first floor level. On the second floor there is a 1 bedroom flat, along with a substantial 3 bedroom apartment which is currently being utilised as 3 staff rooms with communal facilities. The premises have been fitted out to an exceptionally high standard throughout, having been completely rebuilt internally within recent years. The restaurant has the capability of al fresco dining.

We attach floor plans for reference purposes.

ACCOMMODATION

• Ground Floor
  • Restaurant premises licensed for 75 covers
  • Fully fitted bar
  • Disabled WC
  • Storage area
• First Floor
  • Customer facing male and female WC facilities
  • Staff shower, WC facilities and changing area
  • Fully equipped commercial kitchen
  • Dumb waiter serving the ground floor
  • Fridges and prep areas
• Second Floor
  • 1 bedroom apartment
  • 3 bedroom apartment/3 staff rooms with communal facilities

TENURE

The premises are available on a freehold basis with vacant possession (to include all fixtures and fittings) or alternatively on a leasehold basis by way of a new 9 year fully repairing & insuring lease.

QUOTING PRICE AND RENT

Freehold - £1.595 million

Leasehold - £85,000 per annum

On a leasehold basis an ingoing will be required for the extensive fixtures and fittings.

OCCUPATION

Immediately upon completion of legal formalities.

LEGAL COSTS

Each Party to bear their own legal costs.

COVENANT STRENGTH

In line with normal market practice a suitable covenant or guarantee will be required by the Lessor in respect of a leasehold transaction. The Lessee will be required to produce the usual due diligence information.

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.