Freehold purchase and leaseback of restaurant and seven purpose-built apartments in St Helier.
Situated on Halkett Place and extending back to Waterloo Lane (which is the entrance for the apartments), the property comprises a new four storey building (built in 2020/2021) with a ground floor restaurant and 7 apartments (3 no. studio and 4 no. 1 bed). The eastern elevation was constructed behind the original façade.
The entrance to all the apartments is through a passageway located off Waterloo Lane. The Property has no onsite car parking provision, delivery to the restaurant is provided via Waterloo Lane , which is the communal ownership of the property located on the lane. The Property was built using steel frame construction, supplemented by reinforced concrete. Fenestration comprises uPVC double glazed units.
The lease for the restaurant will be on a standard Internal Insuring & Repairing basis at a commencing rent of £40,000 per annum. The rent will be subject to triennial open market upwards only reviews.
The restaurant will be let to a single tenant, Hayste Limited, a family run business set up in 2020 (the current operator of the restaurant), for a minimum 9 year lease simultaneous with the sale of the Property.
Bringing the atmosphere of Asia’s late night drinking dens to Jersey, Awabi serves modern pan-Asian food within the context of a European wine bar. Awabi creates Asian-fusion dishes made using local ingredients and brings favourite dishes from Asia’s finest restaurants and most humble street markets together under one roof. The restaurant has 48 covers, spectacular bi-fold doors offering outside-in dining experience, bar with seating, 3 WCs, air conditioning system, purpose-built modern kitchen facilities.
Please call Maillard & Co on 880 880. Please note that all areas and measurements given in these particulars are approximate and rounded. The text, photographs and floor plans are for general guidance only.
Once an offer is accepted and negotiations for the purchase of a property are entered into, the prospective purchasers will be asked to produce photographic identification (passport or driving licence) and proof of residency documentation eg, a current utility bill together with confirmation of source of funds. This is in order for us to comply with the current Money Laundering Legislation.
Mixed use investment property
Modern building - constructed in 2020/2021
Michelin Guide restaurant seating 48 covers
Sale & lease-back of restaurant
Passing rent of £40,000 pa on restaurant
7 purpose built apartments
Passing rent of £101,400 pa on apartments
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