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Green St 3,182 SF 100% Leased Retail Building Jersey JE2 4UG $1,634,040 ($513.53/SF) 8.21% Cap Rate
Investment Highlights
- Retail units benefit from a private customer car park
- All the licenses are on a fully repairing terms
- Total rent roll of £98,529.50 per annum
Executive Summary
The properties form part of a three-storey purpose-built development consisting of retail units at ground floor level.
Unit 1 is let to Green Street Laundrette on a 6 year license (fully equipped) from 1st April 2024, expiring on 31st March 2030 and is subject to annual Jersey Cost of Living rent. The passing rental is £18,450 per annum.
Unit 2 and 3 are let to Hampton Estates Limited on a 9 year license from 29th September 2021 and subject to annual Jersey Cost of Living increases. The passing rental is £32,000 per annum
Unit 4 is let fully equipped to Mr E H Moultray-Read on a 3 year license from 29th September 2023 and subject to annual Jersey Cost of Living increases. The passing rental is £15,900 per annum.
Unit 5 is let to Puchi Dog Spa Limited on a 6 year license from 1st April 2024 and subject to annual Jersey Cost of Living increases. The passing rental is £16,279.50 per annum.
Unit 6 is let to The Beauty Room on a 3 year license from 29th September 2023, with an option to extend and subject to annual Jersey Cost of Living increases. The passing rental is £15,900 per annum.
In summary, all the licenses are on a fully repairing terms with a total rent roll of £98,529.50 per annum.
Unit 1 is let to Green Street Laundrette on a 6 year license (fully equipped) from 1st April 2024, expiring on 31st March 2030 and is subject to annual Jersey Cost of Living rent. The passing rental is £18,450 per annum.
Unit 2 and 3 are let to Hampton Estates Limited on a 9 year license from 29th September 2021 and subject to annual Jersey Cost of Living increases. The passing rental is £32,000 per annum
Unit 4 is let fully equipped to Mr E H Moultray-Read on a 3 year license from 29th September 2023 and subject to annual Jersey Cost of Living increases. The passing rental is £15,900 per annum.
Unit 5 is let to Puchi Dog Spa Limited on a 6 year license from 1st April 2024 and subject to annual Jersey Cost of Living increases. The passing rental is £16,279.50 per annum.
Unit 6 is let to The Beauty Room on a 3 year license from 29th September 2023, with an option to extend and subject to annual Jersey Cost of Living increases. The passing rental is £15,900 per annum.
In summary, all the licenses are on a fully repairing terms with a total rent roll of £98,529.50 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,182 SF
Building Class
B
Year Built
1990
Price
$1,634,040
Price Per SF
$513.53
Cap Rate
8.21%
NOI
$134,168
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.72
Lot Size
0.10 AC
Parking
9 Spaces (2.83 Spaces per 1,000 SF Leased)
Frontage
34’ on Green Street
Amenities
- Signage
1 1
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Green St
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