Office for sale
Property description & features
- Mixed use property with retail, parking and offices
- Property Investment with substantial potential development opportunities
- Current income £194,653 pa
- Excellent central location
- Garage and on street car parking
- First floor offices available – 10,136 sq.ft
- Ground floor – let to 2 separate parties
- Offices available to let or owner occupy
- Offices in need of refurbishment
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Rooms
Location
The property is located close to both of the St Helier’s Central Business District and prime retailing area on King Street. More specifically, the property is situated on the western side of Halkett Place adjacent to the Central Library.
Public car parking is located a short distance to the east within Minden Place car park.
We attach a site plan for identification reference purposes and the building straddles the roads between Halkett Place / Duhamel Place.
Description
The premises consist of a two storey purpose built modern building with ground floor retail warehouse and offices on the first floor level.
There is approximately 7 car parking spaces to the eastern elevation of the property and 13 further car spaces located in the ground floor garage. The garage has roller shutter doors to both elevations – Duhamel Place and Halkett Place.
Wholesale Electrics Limited occupy the ground floor retail warehouse premises and benefit from the majority of the car parking on the eastern elevation.
The first floor offices require refurbishment but generally include the following:
- Dedicated ground floor entrance
- Suspended ceiling;
- Integral fluorescent lighting;
- Double glazing;
- Excellent natural light;
- Lift access;
- Male & female wc facilities;
- Secure garage car parking with up to 13 car spaces on site.
The offices can also be accessed from Halkett Place and Duhamel Place.
Accommodation
Ground floor is occupied by Wholesale Electrics Limited – area TBC.
The first floor vacant offices comprise an NIA of approximately 10,136 sq.ft.
Ground floor garaging for 13 cars which are now let on a licence.
Site approx. – 14, 434 sqft ( 1,341 sqm ).
Tenure
The ground floor is currently let at a rental of £161,653 per annum with the lease terminating on 31st August 2026.
The first floor offices are vacant and fully available.
The ground floor garage has been let on a licence to a corporate occupier at £33,000 per annum (11 car parking spaces at £3,000 pa each), which can be terminated by either the landlord or tenant subject to 3 month’s prior written notice, with the licence ending on 16th November 2025.
Asking Price
The opportunity exists to acquire the freehold of this property,subject to the above noted leases, for a consideration of £3,000,000 exclusive of GST as applicable.
Legal costs
Each party to bear their own legal costs and any other costs incurred in the purchase of this property.
Property information from this agent
Places of interest
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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