7-7A Beresford St 1,400 SF 100% Leased Retail Building Jersey JE2 4SU £545,000 (£389.29/SF)
INVESTMENT HIGHLIGHTS
- Located in the centre of Jersey's Business District
- Short distance from the coastline and Marina areas
- Prominent corner location with heavy daytime foot traffic
- Wide variety of local amenities
EXECUTIVE SUMMARY
The property is a purpose built four storey building consisting of a ground floor retail unit, first floor offices and a one bed residential unit over the second and third floors with a private balcony.
The ground and first floor premises are currently let on a new 9 year internal repairing lease from 1st September 2024 expiring on 31st August 2033. The current passing rental is £22,200pa. Rent reviews are 3 yearly in an upward direction only in line with Jersey Cost of Living capped at a maximum of 12.5% over a 3 year period.
The second and third floor residential apartment is let on a residential lease to expire on 6th January 2026. The current rental is £13,920pa.
The property is located centrally within Jersey’s Central Business District, in a strong retail location. More specifically, the premises are situated on the corner of Beresford Street and Cattle Street, giving prominent access to busy pedestrian traffic flow. The immediate area provides for a wide mix of uses including significant retail offerings, restaurants, bars and cafes, Central Market, Fish Market and Minden Street multi-storey public car park.
The ground and first floor premises are currently let on a new 9 year internal repairing lease from 1st September 2024 expiring on 31st August 2033. The current passing rental is £22,200pa. Rent reviews are 3 yearly in an upward direction only in line with Jersey Cost of Living capped at a maximum of 12.5% over a 3 year period.
The second and third floor residential apartment is let on a residential lease to expire on 6th January 2026. The current rental is £13,920pa.
The property is located centrally within Jersey’s Central Business District, in a strong retail location. More specifically, the premises are situated on the corner of Beresford Street and Cattle Street, giving prominent access to busy pedestrian traffic flow. The immediate area provides for a wide mix of uses including significant retail offerings, restaurants, bars and cafes, Central Market, Fish Market and Minden Street multi-storey public car park.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
1,400 SF
Year Built
1950
Price
£545,000
Price Per SF
£389.29
Percent Leased
100%
Number of Floors
4
Frontage
18 ft on Beresford Street
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NEARBY MAJOR RETAILERS
