For Sale – Development Opportunity, St Helier

Description

KEY HIGHLIGHTS Significant industrial warehouse site with onward development potential. Site totalling approximately 1.39 Acres. Key arterial route location close to St Helier town centre. Site entirely located within the built-up area boundary. Freehold offered for sale by sale & leaseback. 5-year lease subject to tenant break-option after 2-years; rolling 6-monthly thereafter. Rental – £315,000 per annum. Offers in excess of £6,000,000 (six-million pounds) exclusive of GST as applicable; reflecting a Net Initial Yield of 5.00% after allowing for purchaser’s costs of 5.00%. LOCATION The Liberation Brewery site is situated on Longueville Road, St Saviour, a main arterial route routing traffic from St Helier, east, towards Grouville. Les Varines borders the site to the west and Brickfield Lane to the north. St Helier town center and the commercial harbor of St Helier is approximately 1.50-miles away while Jersey airport is approximately 6.50-miles away. Longueville Road serves as a primary location for the islands warehousing, industrial warehousing and retail warehousing with numerous notable occupiers nearby. Rue des Pres Trading Estate is located a short drive away and provides a further volume of warehouse prime accommodation. The immediate vicinity is otherwise mainly developed to medium-density housing with notable developments in the locality including Miladi Farm, Clos de Longueville, Le Clos Gosset and Place Les Gallais. DESCRIPTION The Liberation Brewery Site comprises a significant landholding of approximately 60,548 Sq.Ft. / 5,625 Sqm (1.39 Acres). Approximately 2/3 rds of the site is developed to steel portal-frame warehousing and block-built offices, arranged over two floors, while the remainder of the site is adopted as yard / open-storage and car parking.…