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16 Broad Street 1,085 sq ft Retail Property Jersey JE2 4WE £535,000 (£493.09/sq ft) 6.34% Net Initial Yield

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Investment Highlights

Fronts onto the busy Broad Street
Consistently high footfall

Close to King Street, Jersey's primary retail thoroughfare
Good transport links

Executive Summary

16 Broad Street is a retail property located in the heart of St Helier’s retail core, occupying a prominent position on Broad Street. The building comprises a ground floor retail unit, with customer seating accommodation on the first floor, with ancillary storage and WC facilities on the second and third floors. The building currently benefits from al fresco seating directly in front of the property, and is due to benefit further from the ongoing refurbishment of Broad Street as part of the Parish of St Helier Public Realm improvement works.
The unit is currently let to Anjo Hotels Limited (t/a The Taste), who has been in occupation since 2011, and has recently renewed their lease for a further 9-years, which expires in March 2033. The rent is currently passing off £35,000 per annum, subject to upward only uncapped JRPI rent reviews in 2027 and 2030.

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