Property for sale
Property description & features
- Tenure: Freehold
- Current Rentals �566,969 Per Annum
- 7% Rental Yield
- Planning approval for residential conversion of upper floors to 33 apartments
- Investment Opportunity
- Freehold
- Located in the centre of St Helier
Dominant pitch on the western side of Halkett Place, a busy thoroughfare at the centre of St Helier's retail offer.
Unexpired term to New Look Retailers (CI) Limited of approximately 5 years unexpired.
Current passing rent of £566,969 per annum.
Planning approval for residential conversion of upper floors to 33 apartments.
The property comprises a three-storey building offering retail sales accommodation at ground and first floor levels with a mixture of ancillary and residential accommodation on the second and third floors above.
The second floor of the property also provides four two-bedroom residential flats, which are classified as entitled locally qualified. The flats are currently vacant and will be yielded up with vacant possession on implementation of the lease variation as part of the residential development.
The property also includes part of a further two-bedroom flat, the greater part of which falls within the demise of the adjoining 6 King Street.
For further detail on the planning and development details, covenants and tenancy agreements, please download the brochure.
Property information from this agent
Places of interest
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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Energy Performance data and Internal floor area
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