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Retail - Buy / Rent / Investment - Highland House - St. Helier

St. Helier

Highland House

29/35 Halkett Street 16/18 Bereford street,
JE2 4WJ Jersey

   

  • Solid concrete floors and staircases
  • Lift access to the upper floors
  • Commercial Property - retail investment

Description

The properties were constructed in 1997/1998 and are located over three storeys .
They are of steel framed construction under a part pitched, part flat roof with cement rendered and painted facades . Internally the Properties
benefit from large open plan floor plates and lift access to all floors.

Two attractive and modern retail units in a prominent position on the junction of Halkett Street and Beresford Street. The Property is let to two separate tenants as follows:

Unit 1 is let in its entirety to The Jaeger Company's Shop Limited for a term of 21 years from April 1998. This is a full repairing and insuring lease with 3 yearly upward only rent reviews with the next review due in April 2016.
The passing rental is £190,000 per annum.

Unit 2 is let in its entirety to Austin Reed Group Plc for a term of 21 years from April 1998. This is a full repairing and insuring lease with 3 yearly upward only rent reviews with the next review due in April 2016.
The passing rental is currently £160,000 per annum.
The total rental income is therefore £350,000 per annum.




Updated: 04/02/2016
Reference: 43791486
Retail: Buy / Rent / Investment
1 204 m² \ 12 964,05 sq ft available
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Nick Trower
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Mr. Simon Williams
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