Fully let retail investment properties

A great location on the newly upgraded Halkett Street and neighbouring Market Street

Total annual income of £56,649 pa

Asking price of £795,000

Sole Agent

Location
The Properties are located centrally within St Helier, approximately 100 metres to the north of the prime retailing area which is focused along King Street and Queen Street.
More specifically the properties front onto Market Street and Halkett Street – which has recently been upgraded by the Parish. Within 25m to the west is the Central Market.

Occupiers within the immediate vicinity include several UK and local retailers and food & beverage outlets including Boots, Jersey Telecom, Alliance Waitrose supermarket, McDonald’s, Eden by Claire, Amelie, Banjo, One Motivation gym, Jade Garden, Rosie’s Team Room and Hugo’s Restaurant.

There are public car parking facilities within a short walking distance to the north within Minden Place and Charles Street, and to the south within Snow Hill and Green Street car parks.

Description
14-16 Halkett Street
The Property comprises a well maintained three-storey period terrace building of masonry construction with cement rendered and painted facades beneath a double pitch slate roof. The exterior of the building is Grade 4 listed (HE0262/HE0263).
Internally, the salon has been fitted out by the incumbent occupier to a high standard and specification.






3 Market Street
The Property comprises a two-storey period terraced building of masonry construction with painted cement render and the building is Grade 3 listed (HE1726).
Internally the property provides a retail unit on the ground floor with workshop and stores on the upper floor.

Accommodation
14-16 Halkett Street
The Property has been measured in accordance with the RICS Code of Measuring Practice and provides a total net internal floor area of 2,136 sq.ft (198.44 sq.m).

Ground Floor - Retail / Salon 915 sq ft
First Floor - Retail / Salon 573 sq ft
Second Floor - Office/storage/kitchen 648 sq ft
Total 2,136 sq ft







3 Market Street
The Property has been measured in accordance with the RICS Code of Measuring Practice and provides a total net internal floor area of 791sq.ft (73.48 sq.m).

Ground Floor - Retail 254 sq ft
First Floor - Storage 537 sq ft
Total 791 sq ft.

Tenure
14-16 Halkett Street
The Property is let to Unique Salon Limited on a lease 9 year term which terminates on 31st October 2029 at a rental £38,649 pa. There is a mutual break option effective 1st November 2026 subject to 6 months' prior written notice.



3 Market Street
The Property is let to ICL Jewellers Limited on a 9 year lease which terminates on 31st July 2032 at a rental £18,000 pa.

More information can be provided on request.

Asking Price
The opportunity exists to acquire the freehold interests of the properties, subject to the above noted leases, for a consideration over £ 795,000 exclusive of GST as applicable.

Legal costs
Each party to bear their own legal costs and any other cost incurred in the purchase of these properties

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

Nick Trower MRICS
Director – Commercial
T. +44 (0)1534 874141
M. +44 (0)7797751558
nick@broadlandsjersey.com
www.broadlandscommercial.com