For Sale
£745,000
Asking Price

Niche Office Investment

19 Hilary Street

St Helier Property Breakdown
2,912 sq.ft Total Property Size
£745,000 Asking Price

Description

The building is located on the Northern side of St Helier’s Central Business District.

More specifically, the property is situated on Hilary Street, midway between the junctions with Peter Street and Hilgrove Street.

The property is a purpose built 3 storey office building providing office accommodation on the ground, first and second floors.

Dimensions

The approximate internal areas are as follows:

  • Ground Floor - 1,094sq.ft.
  • First Floor - 907sq.ft.
  • Second Floor - 911sq.ft.
  • Total: 2,912 sq.ft.

Amenities

The property benefits from the following amenities:

  1. Suspended ceilings
  2. Integral fluorescent lighting
  3. Comfort cooling/comfort heating
  4. Raised floors
  5. Carpeted throughout
  6. Male and female WC facilities on each floor
  7. Kitchenette facilities

Tenure

Ground Floor
The ground floor is vacant and to let asking £20 psf on a 9-year internal repairing lease with a service charge on a fair proportional basis to cover the parish rates, building insurance and general running costs relating to the interior of the building.

First Floor
The First Floor is let to Decresecent Limited on an internal repairing insuring style lease, which commenced on 01/03/2024 and is to expire on 28/02/2027. The passing rent is £17,267 pa.

Second Floor
The Second Floor is let to Jersey Cares Limited on an internal repairing insuring style lease, which commenced on 21/03/2024 and is to expire on 20/03/2026. The passing rent is £15,565 pa.

Whilst the existing leases are of an internal repairing style nature, the lessees have to meet the costs of both Occupier and Foncier rates, building insurance and internal running costs which are charged back through a fair proportional service charge.

Planning

The premises also have the benefit of a planning permission to convert the property to three, 2-bedroom apartments, which is a particularly good back-up position.

Downloads

  • 19 Hilary Street, St Helier - 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: 01534 883180
Email: asarre@sarreandco.com

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    Location

    Niche Office Investment
    19 Hilary Street
    St Helier