Investment For Sale – Wests Centre, St Helier

Description

LOCATION 8 West’s Centre is located in the heart of St Helier town centre, a moment’s walk from the Central Market and the Fish Market, Beresford Street, Bath Street, Halkett Place, Queen Street and King Street. We attach a location plan for reference purposes. DESCRIPTION Forming part of a landmark property overlooking the whole of West’s Centre, 8 West’s Centre provides to the ground floor, a large, extensively fitted commercial unit currently operating as the long-established and popular “SOY” restaurant. Immediately in-front of the restaurant there is a large, west-facing al-fresco dining area which is subject to a Choses Publiques licence from the Parish of St Helier. The 1st, 2nd and 3rd floors provide very large 1-bedroom apartments; all provided in excellent order with the benefit of long-standing / well-referenced tenants. Modern building presented in excellent order throughout. Long-standing commercial and residential tenants. Fully let and income producing. ACCOMODATION The Property provides the following accommodation, measured on a Gross Internal Area basis: Ground Floor Restaurant – 825 Sq.Ft / 76.64 Sqm 1st Floor 1-Bedroom Apartment – 590 Sq.Ft / 54.81 Sqm 2nd Floor 1-Bedroom Apartment – 590 Sq.Ft / 54.81 Sqm 3rd Floor 1-Bedroom Apartment – 590 Sq.Ft / 54.81 Sqm LEASES/LICENCES The ground floor commercial unit is subject to a commercial lease to a Jersey registered company, backed by a personal guarantee. The lease is drawn on a FRI basis and has recently been extended to expire 21 st December 2032. Rent passing is £24,396 p/a (and is considered to be somewhat reversionary). Future JRPI based rent reviews are due on 25/09/26 and 25/09/29. The apartments on the 1 st , 2 nd &, 3 rd floors are occupied by “Entitled” persons on annual rental agreements. The a…