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property in Jersey
Commercial Property
£2,150,000
Don StreetSOLD STC
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Description
Three storey mid terraced Georgian type commercial building in prime spot with established and successful tenant. Prime freehold investment property. The property was totally refurbished to a high specification in 2013 including the new fixtures / fittings, lighting and air conditioning equipment. Presently leased to an established tenant until 2034, with an internal repairing and insuring lease at a rental of £126,000 pa.
Ground Floor
1235 SQ FT Bar and seating area, dinning area with commercial kitchen.
First Floor
1235 SQ FT Customer toilets (male and female), a bar, private dining room and enclosed rear terrace.
Flat
605 SQ FT 2 bedroom apartment one double, one single, kitchen, living room and bathroom. Presently (A-H) or unqualified accommodation if associated with a potential tenants business if so required.
Lease
There is an internal repairing and insuring lease until 2048 at £126,600 pa. There are break options every 6 years with the next one due in 2028. The Vendor will remove the break in 2028 to provide a term certain of 12 years. Present tenant rents the buildings either side of the property to accommodate the business.
Ground Floor
1235 SQ FT Bar and seating area, dinning area with commercial kitchen.
First Floor
1235 SQ FT Customer toilets (male and female), a bar, private dining room and enclosed rear terrace.
Flat
605 SQ FT 2 bedroom apartment one double, one single, kitchen, living room and bathroom. Presently (A-H) or unqualified accommodation if associated with a potential tenants business if so required.
Lease
There is an internal repairing and insuring lease until 2048 at £126,600 pa. There are break options every 6 years with the next one due in 2028. The Vendor will remove the break in 2028 to provide a term certain of 12 years. Present tenant rents the buildings either side of the property to accommodate the business.
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