£995,000 Commercial
Belmont Villa Apartments Lodging, St. Helier

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Summary

Commercial Type
Freehold Tenure
- Approx Size m2/ft2

The property appears to be of traditional masonry construction under a pitched slate roof. There is a 2 storey extension to the rear with a flat roof. Externally there is a courtyard garden to the rear and parking for two car spaces. The property lends itself well to conversion to flats (subject to the usual consents being sought).

Income
The property is currently achieving £82,290 per annum (gross) but is expected to achieve £91,390 per annum (gross) once Unit 1 is let.

The rents range from £175 per week to £275 per week.

Location
Belmont Villa is located north east of St Helier town centre, only a couple of mins walk to the Millennium Town Park.

It is also a short walk from the town centre and also the Grande Marche Supermarket which is a short distance to the north. The ring road is approximately 30 metres to the east which provides good road access.

Accommodation
Ground Floor:
Bedsit 1 with kitchen and bathroom
Bedsit 2 with kitchen and shower room

Two Bedroom Apartment comprising - Kitchen, Living Room, 2 Bedrooms and a Bathroom

First Floor:
Bedsit 3 with kitchen and shower room
Bedsit 4 with kitchen and shower room
Bedsit 5 with kitchen and shower room

Second Floor:
Bedsit 6 with kitchen and shower room
Bedsit 7 with kitchen and shower room (located across the stairwell)

Third Floor:
Bedsit 8 – with kitchen and shower room

Gross Internal Area – approx. 3,178 sqft (295m2) excluding areas reduced headroom below 1.5m - 66 sqft (6m2)

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

Asking Price
The opportunity exists to acquire the freehold of this property for a consideration of £995,000 exclusive of GST as applicable.

Floor Plan

Viewing
Strictly by appointment with the Lessor’s sole agent.
Nick Trower MRICS
Director – Commercial
T. +44 (0)1534 880770
M. +44 (0)7797751558
nick@broadlandsjersey.com
www.broadlandsjersey.com

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Map

Mortgage Calculator

£
35 yrs
80% 2 year tracker - 5.39%
With a 20% deposit of £199,000 on a property valued at £995,000 your monthly payments would be£4,217.44

Stamp Duty

Calculated on the property value of £995,000 the total stamp duty would be £21,850
Subject to £80 registration fee and £20 Jurat's fee where applicable.

Estate Agent

Broadlands CommercialEstate AgentsContact us about this or any of our listed properties.