Fernlea Parade La Grande Route Des Sablons

The property comprises a purpose built mixed use building of rendered blockwork construction with a duo pitched roof. The ground floor includes two self-contained retail units.
Access to the first floor is via a communal staircase. The first floor comprises 2 x one-bedroom flats.
Also included within the demise is a parking bay directly in front of the retail units with space for 5 vehicles, a pair of garages to the side and a garden (c.119 sq.m.) which, subject to the usual consents, could be redeveloped for residential use.
£1,000,000 Freehold, subject to the existing tenancies.
The property is located in a prominent position on La Grande Route des Sablons in Grouville and is on the main thoroughfare linking Gorey with Grouville and St Clement.
Retail Unit 1 with the single garage is let to Fabienne Coudrais (Hair FX2) for a term of 9 years from 25th December 2017 to 24th December 2026 at a current passing rent of £23,000 per annum, subject to 3 yearly JRPI rent reviews.
Retail Unit 2 is let to Fernlea Dental Limited for a term of 9 years from 25th December 2023 to 24th December 2032 at a commencing rental of £23,000 per annum, subject to 3 yearly JRPI reviews.
Flat 1 is currently vacant but with an estimated rental value of £15,000 per annum.
Flat 2 is currently let at £17,250 per annum, subject to annual JRPI increases. The landlord is responsible for building insurance, Foncier Rates and keeping the premises wind and watertight and in good and substantial repair and exterior decoration.