This is a rare chance to acquire a residential asset in St Helier comprising 3 apartments with parking in a period building offering immediate income, plus significant refurbishment scope. For an investor or property-professional looking for both immediate yield and future value-uplift, this package offers exceptional flexibility. The central location, heritage character and mixed status (turnkey + project units) make this an attractive proposition.
1st Floor Flat: Refurbished to a modern standard with high-quality finishes — instant income and a standard benchmark for the rest of the package.
Garden Flat & Basement Flat: These two units require a complete refurbishment, offering excellent scope to add value via specification upgrades, internal re-layout, finishes overhaul and repositioning in the rental or resale market.
Total income PA Rent £43,920 plus service charges £3,240
Total Yield 6.29% without service charges 5.86%