8 Market Street£650,000
Beds / 2
Bath / 2
Reception / 2
Three storey retail and residential unit. A well established Cafe is positioned on the ground floor, with two residential flats residing on the first and second floor.
The property is positioned in a central St Helier, close to the Central Market and benefits from high levels of passing footfall.
This property gives the opportunity for a mix of residential and a commercial unit which offers great potential. The commercial unit, located on the ground floor, is currently being used as a cafe. The unit has a large open dining area, commercial kitchen and two WC's.
Two residential flats are located above. Both well sized one bedroom flats which offer a large sitting room, separate kitchen / dining and bathroom.
The property has been measured in accordance with RICS Code of Measuring Practice:
Ground commercial unit - 66.89 sq m NIA
Flat One - 59.22 sq m NIA
Flat Two - 59.22 sq m NIA
The current lease has expired and the expected annual rent for the whole property is £46,830 per annum, representing a gross initial yield of 7.2%.
Each party will bear their own legal costs associated with the transaction whether or not it completes.
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.
Sq / ft
Well established Cafe
Next to the Market
Retail and Residential Unit
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