The property is located on King Street, St Helier’s prime retail thoroughfare. The immediate area is primarily retail and leisure with a mixture of office space in surrounding Broad Street and Library Place.
This prime retail unit is one of the most prominent units on King Street and comprises retail space on the ground floor with basement storage. The premises are currently occupied and is being used as a café, trading as Café Ube. The property represents an excellent opportunity to acquire a small freehold town centre retail unit for owner occupation.
We are advised that the property is connected to all mains services.
Current rent receivable of £62,000 per annum until 23rd June 2019. Asking Price of £1,025,000 (subject to contract) by way of a flying freehold sale, providing a NIY of 6.05%, allowing for typical purchase costs of 1.5%