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1 Clos Des Pas 394 SF Retail Condo Unit Offered at $1,201,437 CAD in Jersey JE2 4HQ
Investment Highlights
- Fully Leased Units
- Established Retail Parade
- Prime Investment Opportunity
Executive Summary
The properties form part of a three-storey purpose-built development consisting of retail units at ground floor level with two storeys of apartments above (all sold off separately). The retail units benefit from a private customer car park immediately opposite housing up to 9 cars.
Property Facts
| Total Building Size | 436 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 436 SF |
| Property Subtype | Storefront | Year Built | 1930 |
| Building Class | B |
| Total Building Size | 436 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 436 SF |
| Year Built | 1930 |
1 Unit Available
Unit 1-3
| Unit Size | 394 SF | Tenure | Freehold/Long Leasehold |
| Price | $1,201,437 CAD | Cap Rate | 7.85% |
| Price Per SF | $3,049.33 CAD | NOI | $94,344.25 CAD |
| Condo Use | Retail | No. Parking Spaces | 9 |
| Sale Type | Investment |
| Unit Size | 394 SF |
| Price | $1,201,437 CAD |
| Price Per SF | $3,049.33 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Cap Rate | 7.85% |
| NOI | $94,344.25 CAD |
| No. Parking Spaces | 9 |
Description
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 AE Enterprises Limited with a personal guarantee on a 9 year license from 1st August 2025 and subject to annual Jersey Cost of Living increases. The passing rental is £32,592 per annum
Sale Notes
The approximate Net Internal Areas of the units are as follows: Unit 1 - 394 sq.ft, Unit 2 - 398 sq.ft, and Unit 3 - 399 sq.ft. All the licenses are on a fully repairing terms with a total rent roll of £51,042.00 per annum.
Asking price is £650,000.
Building Photo
Nearby Major Retailers
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1 Clos Des Pas
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