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West’s Centre 8 Bath St 825 SF Retail Building Jersey JE2 4ST $1,815,030 CAD ($2,200.04 CAD/SF) 6.23% Cap Rate
Investment Highlights
- 8 West’s Centre is located in the heart of St Helier town centre, a moment’s walk from the Central Market and the Fish Market, Beresford Street
- The 1st , 2nd and 3rd floors provide very large 1-bedroom apartments; all provided in excellent order with the benefit of long-standing
- Forming part of a landmark property overlooking the whole of West’s Centre, 8 West’s Centre provides to the ground floor, fitted commercial unit
Executive Summary
The freehold of 8 West’s Centre is offered for sale subject to the commercial and residential lease agreements detailed herein at an asking price of £995,000 exclusive of GST as applicable. A sale at this level would reflect a Net Initial Yield of 6.23% and Equivalent Yield of 6.54% after allowing for stamp duty and purchaser’s costs of £10,000. Yield increases are anticipated in 2026 & 2029 on application of JRPI based rent reviews to the ground floor restaurant lease and further yield increases may be achievable subject to increasing rents on the residential units. Were a purchaser minded to do so, it would be possible to split out and re-sell the individual residential units and / or the commercial unit and in this scenario, it is envisaged significant additional “break-up” value could be achieved.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
825 SF
Year Built
1930
Price
$1,815,030 CAD
Price Per SF
$2,200.04 CAD
Cap Rate
6.23%
NOI
$113,076 CAD
Tenancy
Single
Building Height
4 Stories
Building FAR
0.82
Lot Size
0.02 AC
Frontage
14’ on Bath Street
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 2
Videos
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West’s Centre | 8 Bath St
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