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West’s Centre 8 Bath St 825 sq ft Retail Property Jersey JE2 4ST £995,000 (£1,206.06/sq ft) 6.23% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 8 West’s Centre is located in the heart of St Helier town centre, a moment’s walk from the Central Market and the Fish Market, Beresford Street
- The 1st , 2nd and 3rd floors provide very large 1-bedroom apartments; all provided in excellent order with the benefit of long-standing
- Forming part of a landmark property overlooking the whole of West’s Centre, 8 West’s Centre provides to the ground floor, fitted commercial unit
EXECUTIVE SUMMARY
The freehold of 8 West’s Centre is offered for sale subject to the commercial and residential lease agreements detailed herein at an asking price of £995,000 exclusive of GST as applicable. A sale at this level would reflect a Net Initial Yield of 6.23% and Equivalent Yield of 6.54% after allowing for stamp duty and purchaser’s costs of £10,000. Yield increases are anticipated in 2026 & 2029 on application of JRPI based rent reviews to the ground floor restaurant lease and further yield increases may be achievable subject to increasing rents on the residential units. Were a purchaser minded to do so, it would be possible to split out and re-sell the individual residential units and / or the commercial unit and in this scenario, it is envisaged significant additional “break-up” value could be achieved.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
825 sq ft
Year Built
1930
Price
£995,000
Price per sq ft
£1,206.06
Yield
6.23%
NOI
£61,989
Tenancy
Single
Number of Floors
4
Plot ratio
2.75
Total Plot Size
0.01 ac
Frontage
14 ft on Bath Street
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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West’s Centre | 8 Bath St
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