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100% PRIME RETAIL PROPERTY - TO LET
Location
The property occupies a 100% prime position on the southern side of the pedestrianised King Street, St Helier, which is the CBD of Jersey.
King Street is St Heliers primary shopping thoroughfare and is home to several well-known retailers including Accessorize, Jo Malone, Marks & Spencer, Sports Direct, Schuh, JoJo Maman Bb, JD Sports, Clarks, Superdrug, Boots, Next, Swarovski, and Pandora, to name a few.
King Street is also home to a number of department stores, including Voisins, de Gruchys and Flannels.
Description
The property comprises two separate buildings interconnected at ground and first floors levels and utilised as a large ground floor retail area, with ancillary offices and storage to the upper floors. There is a basement accessed from within number 27.
Shop frontage approx. 36 feet (11 m), shop depth approx. 58 feet (17.7 m).
The property can also be accessed from Vine Street to the rear.
Accommodation
The property has been measured in accordance with the RICS code of measuring practice and provides the following net internal areas:
Floor use & available floor space:
Basement: Store - 335 sq ft (31.12 sq m)
Ground floor: Retail - 1,864 sq ft (ITZA 1,456) 173.21 sq m
First floor: Ancillary - 1,417 sq ft (131.64 sq m)
Second floor: Ancillary - 602 sq ft (55.93 sq m)
Second & third floor: 2 bed flat
Totals 4,218 sq ft (391.87 sq m)
Availability
The premises are available immediately.
Use
We have been informed the property is classified as Use Class A Retail.
Rental & Outgoings
The premises are available by way of a new 9 year full repairing and insuring lease at a quoting rental of 175,000 per annum.
Further, the opportunity exists to reinstate the property back to two separate and smaller buildings and leasing these individually, with each providing approximately 900 sq ft of ground floor sales.
The total 2022 Parish Rates (Foncier & Occupier) liability was 9,146.
All rentals quoted are exclusive of all other outgoings and exclusive of GST if applicable.
Legal costs
Each party to bear their own legal costs and any other cost incurred in the letting of this property.
Viewing
Strictly by appointment with the Lessors joint-sole agents.
Nick Trower MRICS
Director Commercial
T. +44 (0)1534 880770
M. +44 (0)7797 751558
nick@broadlandsjersey.com
www.broadlandsjersey.com
Guy Gothard FRICS guy.gothard@cgcommercial.je
CG Commercial 01534 874141
