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1 Clos Des Pas 394 sq ft Retail Unit Offered at £650,000 in Jersey JE2 4HQ
Investment Highlights
- Fully Leased Units
- Established Retail Parade
- Prime Investment Opportunity
Executive Summary
The properties form part of a three-storey purpose-built development consisting of retail units at ground floor level with two storeys of apartments above (all sold off separately). The retail units benefit from a private customer car park immediately opposite housing up to 9 cars.
Property Facts
| Total Property Size | 436 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 436 sq ft |
| Property Subtype | Shopfront | Year Built | 1930 |
| Costar Property Class | B |
| Total Property Size | 436 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 436 sq ft |
| Year Built | 1930 |
1 Unit Available
Unit 1-3
| Unit Size | 394 sq ft | Tenure | Freehold/Long Leasehold |
| Price | £650,000 | Net Initial Yield | 7.85% |
| Price Per sq ft | £1,649.75 | NOI | £51,042 |
| Unit Use | Retail | No. Parking Spaces | 9 |
| Sale Type | Investment |
| Unit Size | 394 sq ft |
| Price | £650,000 |
| Price Per sq ft | £1,649.75 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Net Initial Yield | 7.85% |
| NOI | £51,042 |
| No. Parking Spaces | 9 |
Description
Unit 1 is let to Green Street Laundrette on a 6 year license (fully equipped) from 1st April 2024, expiring on 31st March 2030 and is subject to annual Jersey Cost of Living rent. The passing rental is £18,450 per annum.
Unit 2 and 3 are let to AE Enterprises Limited with a personal guarantee on a 9 year license from 1st August 2025 and subject to annual Jersey Cost of Living increases. The passing rental is £32,592 per annum
Sale Notes
The approximate Net Internal Areas of the units are as follows: Unit 1 - 394 sq.ft, Unit 2 - 398 sq.ft, and Unit 3 - 399 sq.ft. All the licenses are on a fully repairing terms with a total rent roll of £51,042.00 per annum.
Asking price is £650,000.
Building Photo
Nearby Major Retailers
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1 Clos Des Pas
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