Stopford Road, St Helier,,Jersey,JE2 4LZ, St Helier

Description

The Temple Bar Site is a 0.19 acre site positioned in the centre of St Helier, comprising a vacant former pub and four adjoining 2-bedroom cottages. Located at the junction of Stopford Road and Chevalier Road, the site benefits from a convenient urban setting. Three of the cottages are currently let on residential tenancies following recent refurbishments, providing an immediate income stream of £55,000 per annum, while one cottage is vacant.The Temple Bar is now closed, providing a blank canvas for redevelopment. Key attractions of this opportunity include its central location, the existing housing units, and significant development potential on the former pub portion of the site.LocationThe site sits in the heart of St Helier on a network of residential streets. The site sits 100m from Millennium Park, and a 2-minute walk to the Co-op Grande Marché and a variety of retail stores. The primary retail thoroughfares of King and Queen Street are a 5-minute walk, which house numerous retailers, cafes, restaurants, with St Helier’s business district just beyond.Property Description• The Temple Bar (14 Stopford Road): - A disused two-storey public house building, including a 3-bed flat on the upper floor.• 41 Chevalier Road: - Two-storey 2-bedroom cottage, currently tenanted, producing £19,152 per annum in rent. • The Hollies (18 Stopford Road): - Two-storey 2-bedroom cottage, currently vacant (estimated rental value of c. £19,000 p.a.)• Holly Cottage (Common Lane): - Two-storey 2-bedroom cottage located on Common Lane, currently let at £17,000 per annum.• Lyndhurst (Common Lane): - Two-storey 2-bedroom cottage on Common Lanes, let at £19,200 per annum.All tenanted units are on annual leases. Further lease details are available on request.Strategic Opportunity and Investment