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Mixed use for sale

Mayfield Lodging House, St Helier
Mixed use
9 beds
Added yesterday

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Great Investment Opportunity
  • Lodging House
  • 8 Bedsits and a 2 Bedroom Apartment
  • 9 Parking Spaces
  • Communal Gardens
  • Central Island Location
  • 8.3% Gross Yield
  • Asking £1.2m

High-Yield Lodging House Investment – First Tower

An excellent income-producing opportunity located in the highly sought-after First Tower area. This substantial lodging house comprises 8 self-contained bedsits and a spacious 2-bedroom apartment, offering strong and diversified rental income.

The property benefits from parking for all units plus an additional space allocated to the apartment, a valuable feature in this location. Residents also enjoy access to a communal garden, enhancing tenant appeal and long-term rental demand.

Current rental income totals £99,600 per annum, generating a strong gross yield of approximately 8.3% at the asking price of £1.2m. The bedsits are each let at £800 per month, with the 2-bed apartment achieving £1,900 per month, reflecting solid market rents.

This asset would suit investors seeking:

  • Immediate, reliable income

  • Strong yield in a prime location

  • Multiple income streams reducing void risk

  • Potential for future rental growth or value enhancement

A rare opportunity to acquire a well-performing residential investment in an established and desirable area.

Rooms

Parking - Off street

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About this agent

Gaudin and Co - St Helier
Gaudin and Co - St Helier
22 Hill Street St Helier, Jersey JE2 4UA
020 8139 4194
Full profileProperty listings
Established on the Island since 1934, Gaudin & Company is Jersey’s premier general practice estate agency. Our comprehensive service offering takes in the sales, letting and management of both residential and commercial property. For more than 80 years, the core values and ethos of the founders – honesty, teamwork, market knowledge and outstanding client service – remain the cornerstone of our commitment to excellence and have gone a long way in ensuring we stay a stand-out brand in a crowded marketplace. Unusually for traditional commission-based businesses, our 20+ staff aren’t remunerated solely by commission. The sales & letting employees are salaried but benefit from a collective pool of commission, which is equally distributed as a reward for working together as a team. Amongst many others, it’s a way we distinguish ourselves and get our voice heard above the noise. In the property industry, reputation is everything and in our regular team and departmental meetings, we discuss all aspects of our operations but we also reinforce the fact that we are a client-facing business and most importantly, a team. The care of our clients is foremost in our minds, from the biggest request to the smallest detail and we work smart, we work diligently and we work hard to make sure the Gaudin experience is effortless and ultimately satisfying.
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