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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.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 9 |
| Net Initial Yield | 7.85% | Tenure | Freehold/Long Leasehold |
| Sale Type | Investment |
| Net Initial Yield | 7.85% |
| No. Parking Spaces | 9 |
| Tenure | Freehold/Long Leasehold |
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
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.
Asking price is £650,000.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 1-3 | 394 sq ft | Retail | £650,000 (£1,649.75/sq ft) | £51,042 |
Unit 1-3
| Unit Size |
| 394 sq ft |
| Unit Use |
| Retail |
| Price |
| £650,000 (£1,649.75/sq ft) |
| NOI |
| £51,042 |
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Unit 1-3
| Unit Size | 394 sq ft |
| Unit Use | Retail |
| Price | £650,000 (£1,649.75/sq ft) |
| NOI | £51,042 |
| Sale Type | Investment |
| Net Initial Yield | 7.85% |
| No. Parking Spaces | 9 |
| Tenure | Freehold/Long Leasehold |
| 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. <br> <br> 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</li></ul> | |
| 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.<br> <br> Asking price is £650,000.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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 |
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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1 Clos Des Pas
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