For Sale
£1,650,000
Asking Price

Westridge Court

Anley/Payn Street

St Helier Property Breakdown
1,693 sq.ft Total Property Size
£1,650,000 Asking Price

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

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: 01534 888848
Email: alistair@sarreandcompany.co.uk

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    Location

    Westridge Court
    Anley/Payn Street
    St Helier