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Location
The property is located at the junction of Bagatelle Road and Princes Tower Road, overlooking Five Oaks roundabout and an arterial route in and out of St Helier. The unit forms part of a small number of shops known as Five Oaks Parade. Adjacent occupiers in the Parade are Florida Pools. Morrisons filling station and the Wine Warehouse, Five Oaks Public House, HSBC Bank and Normans are all to be found in close proximity. The new Co-op Locale and Le Gallais storage centre is also nearby.
Description
This affordable retail unit benefits from a bright open plan layout and will be of interest to both seasoned retailers as well as new business ventures looking to establish themselves in good value commercial premises. The unit benefits from the following features:
• Large upvc double fronted double glazed windows
• Tiled flooring
• Ceiling mounted spotlights
• 3 phase electricity supply
• WC facilities
• Shared customer parking/drive through
Area
The premises have been measured in accordance the RICS Code of Measuring Practice and the net internal area has been assessed as follows:
Retail area: 652 sq ft
WCs: 45 sq ft
Terms
The property is being offered to let, subject to contract, by way of a new internally repairing and insuring lease for a term of nine years (shorter term potentially available by negotiation) at a commencing rental of £24,000 per annum exclusive of GST (if appropriate), insurance, occupier rates and utilities.
Rent Reviews
The lease will be subject to annual upward only rent reviews in line with the Jersey Retail Price Index.
Services
We are advised that the property is connected to all mains services.
Legal Costs
Each party will be responsible for their own legal costs associated with the letting whether or not it completes.
Guarantees
The lease will be subject to the obtaining of references, guarantees and any official consents as may be required.
GST
Prospective tenants will have to ascertain their own liability to GST, if any.
