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Vaux Vert Charing Cross 2,611 SF 100% Leased Retail Building Jersey JE3 8AA $1,553,027 CAD ($594.80 CAD/SF) 9.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Located within the heart of St Aubin
- Landmark property
- Ten minute drive to Jersey Airport
EXECUTIVE SUMMARY
The freehold of Vaux Vert sits within Vaux Vert Holdings Ltd which itself benefits from the various requisite licenses facilitating the operation of the Property as a restaurant and residential accommodation. It is therefore suggested that potential purchasers will be most interested in acquiring Vaux Vert Holdings Ltd although if so desired, the freehold of the company may be offered for sale in isolation. Subject to the lease and license agreements detailed herein, Vaux Vert Holdings Ltd / the freehold of Vaux Vert is offered for sale at £835,000 exclusive of GST as applicable. A sale at this level would reflect a Gross Initial Yield on the Gross Income of 9.11%. Yield increases are anticipated on 01/04/24, 01/04/25 & 01/04/26 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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
2,611 SF
Building Class
B
Year Built
1983
Price
$1,553,027 CAD
Price Per SF
$594.80 CAD
Cap Rate
9.11%
NOI
$141,547 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Frontage
18’ on Rue du Crocquet
AMENITIES
- Signage
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Vaux Vert | Charing Cross
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