Asking Price
Niche Office Investment
19 Hilary Street
St Helier Property BreakdownDescription
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:
- Suspended ceilings
- Integral fluorescent lighting
- Comfort cooling/comfort heating
- Raised floors
- Carpeted throughout
- Male and female WC facilities on each floor
- 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