£925,000 Office
39/40 The Parade, St Helier, St. Helier

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Summary

Office Type
- Tenure
- Approx Size m2/ft2
Located in the western part of St. Helier, within walking distance to the Parade Gardens, this mixed-use commercial property presents a great investment opportunity. The area offers a vibrant atmosphere, with a range of shops, coffee houses, restaurants, and gyms nearby, making it a desirable location.The property consists of a vacant studio apartment, which requires refurbishment, and two 1-bedroom apartments that are currently tenanted but also in need of refurbishment. The rental income reflects the current condition of the property. Additionally, the building includes a commercial unit on the ground floor and a communal courtyard to the rear.With an annual income of £64,000 and a potential yield of approximately 7%, this property offers solid returns once renovated. However, it does require a full refurbishment to unlock its full potential and increase rental income.For more information or to arrange a viewing, please feel free to contact Adam Lescop on 01534 517103 or email adaml@gaudin.je
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£
35 yrs
80% 2 year tracker - 5.20%
With a 20% deposit of £185,000 on a property valued at £925,000 your monthly payments would be£3,829.61

Stamp Duty

Calculated on the property value of £925,000 the total stamp duty would be £21,875
Subject to £80 registration fee and £20 Jurat's fee where applicable.

Estate Agent

Gaudin & CoEstate AgentsContact us about this or any of our listed properties.