Commercial Property

£1,150,000

Hill Street, St. Helier, JE2

FOR SALE

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Description

Situated between Lawyers and Estate Agents and close to Royal Square, this building is full of light and provides an ideal location for finance and innovative tech companies, creative designers and professionals in all spheres. This fully let building currently has a passing rent of £80,500 per annum with all leases on FRI terms which provides security to the landlord expenses in relation to the insurance and repair(except of replacement of lift machinery and Air-conditioning units). All leases are subject to a rent review 3-yearly in line with JRPI.

The sale price reflects a Gross Yield of 7.00%

22 Hill Street provides office space over ground and three upper floors. Each floor is served by lift access and is fitted out to a good, modern office standard including suspended ceilings, LED-lighting, air-conditioning and perimeter trunking. Externally, off the 3rd floor, there is a large and attractive garden area to the rear.

Ground Floor - 980 Sq.Ft / 311.70 Sqm

1 st Floor - 1,161 Sq.Ft. / 107.86 Sqm

 2 nd Floor - 1,161 Sq.Ft. / 107.86 Sqm

3 rd Floor - 1,161 Sq.Ft. / 107.86 Sqm

Information regarding tenancy schedule is available on request.
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Estate Agent

Gaudin and Co

22 Hill Street
St. Helier
Jersey
JE2 4UA
Call 01534 670333 View on agent's website View all properties
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