Description

The property is located in a prime position within the heart of St Helier’s Central Business District, fronting both Anley Street and Payn Street. We attach for reference purposes a location plan and site plan.

This purpose built property consists of a ground and basement retail/office unit, currently occupied by the Cycle Centre, with access off Anley Street.

The upper floors consist of 1 single bedsit unit, 6 double bedsit units spread over the first and second floors.

The third floor consists of a good sized 2 bedroom apartment with private balcony.

Dimensions

The approximate internal areas are as follows:

• Ground Floor Retail/Office - 884sq.ft.
• Lower Ground Floor Retail/Office - 798sq.ft.
• Lower Ground Floor Store - 11sq.ft.
• Total: 1,693 sq.ft.

1 x Single Bedsit - approximately 183 sq.ft.
6 x Double Bedsits - approximately 210 sq.ft.
1 x Two bedroom apartment

Tenure

Commercial

The ground and lower ground floors are currently let to the Cycle Centre on a 7 year repairing and insuring style lease which commenced on 1 February 2022, with the lease due to expire on 31 January 2029.

The passing rental is £30,132 per annum with annual rent reviews yearly in line with Jersey Cost of Living, with the next review due on 1 February 2025.

Residential

The 7 bedsit apartments currently form part of a registered lodging house and are let on short term licence agreements.

The third floor apartment is let out on a standard qualified residential style lease.

The passing rents for the residential units are as follows:

Apartment 1 – Single bedsit £7,524 per annum

Apartment 2 – Double bedsit £10,020 per annum

Apartment 3 – Double bedsit £9,708 per annum

Apartment 4 – Double bedsit £10,200 per annum

Apartment 5 – Double bedsit £9,576 per annum

Apartment 6 – Double bedsit £9,072 per annum

Apartment 7 – Double bedsit £9,708 per annum

Apartment 8 – 2 bed apartment £19,200 per annum

The gross income of the investment therefore equates to approximately £115,140 per annum.

Downloads

• Westridge Court - Download

Key Contacts

If you wish to get in touch with us about this property you can contact our helpful team using the details found below.

Alistair Sarre
Director
Telephone: 01534888848
Email: alistair@sarreandcompany.co.uk

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