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45 King Street 1,615 SF 100% Leased Retail Building Jersey, CID JE2 4WE $1,400,000 ($867.10/SF)
INVESTMENT HIGHLIGHTS
- The property benefits from a substantial frontage
- Surrounded by established occupiers
- Liberation Bus Station nearby
- Prominent corner position on King Street
- Consistently high footfall
- Parking facilities at Sand Street and Snow Hill Car Park
EXECUTIVE SUMMARY
45 King Street is a mixed-use property located in the heart of St Helier’s retail core. The building comprises a ground floor retail unit with ancillary accommodation over basement and first floors, and two one-bedroom residential flats on the upper levels.
The retail element is currently let to Fimy (Jersey) Limited, trading as Coffee Republic, on a full repairing and insuring lease, with a personal guarantee in place. The lease commenced in October 2023 and runs until October 2032, with upward-only open market rent reviews scheduled for 2027 and 2030. The two upstairs flats are sub-let to separate tenants.
The retail element is currently let to Fimy (Jersey) Limited, trading as Coffee Republic, on a full repairing and insuring lease, with a personal guarantee in place. The lease commenced in October 2023 and runs until October 2032, with upward-only open market rent reviews scheduled for 2027 and 2030. The two upstairs flats are sub-let to separate tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,615 SF
Building Class
C
Price
$1,400,000
Price Per SF
$867.10
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
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45 King Street
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