Warehouse, Hillside, First Tower

£30,000

Size / 3700 ^{Sq Ft}

Warehouse close to St Helier

LOCATION

The property is located on Hillside, off La Route de St Aubin on the western side of St Helier in a largely residential area. We attach a site plan for reference purposes.

ACCOMMODATION

The property comprises a traditional warehouse with additional storage at first floor level. It has been measured in accordance with the RICS Code of Measuring Practice and provides the following Gross Internal Areas:

Ground floor: c. 2,200 sq.ft.
1st floor: c. 1,500 sq.ft.
Total: c. 3,700 sq.ft

Note: The property does not benefit from any external parking or loading areas. To the north side of the site is a small external area which is largely overgrown.

TENURE

The property is being offered, subject to contract, by way of the grant of a new fully repairing and insuring style lease for a term of 9 years, subject to triennial upwards only rent reviews to Jersey Cost of Living. The tenant will be responsible for internal and external repairs, insurance, together with foncier & occupier rates

RENTAL / PRICE

A commencing annual rent of £30,000 per annum exclusive of utilities, rates and insurance.

Alternatively, offers for the purchase of the freehold of the property will be considered.

OCCUPATION

Immediately upon completion of legal formalities.

COVENANT STRENGTH

In line with the normal market practice a suitable covenant or guarantor will be required by the Lessor.

LEGAL COSTS

Each party to bear their own costs.

THE PROPERTY IS BEING ADVERTISED IN ACCORDANCE WITH PLANNING POLICY E1.

Please call Sarre & Co on 888 848. 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.

3700

Sq / ft