Former Lloyds bank - Retail, St Brelade

Description

Location, The property occupies a large corner site at the junction of La Route des Quennevais and La Rue du Pont Marquet, Red Houses in the Parish of St Brelade., In close proximity is a variety of commercial businesses, shops and supermarkets including HSBC Bank, Co-Op Locale and the Post Office counter, Absolute Fitness, Island Medical Surgery, Co-Op pharmacy, Leodis Veterinary Surgery, Waitrose and Marks & Spencer, together with a range of other retail and alternative businesses located within Les Quennevais Parade and Precinct., The surrounding area contains a high density of housing with approximately 15,000 homes located within a short distance, local and island amenities such as Les Quennevais Sports Complex and Jersey Airport and many tourist attractions in both St Brelade’s and St Ouen’s bays. All of these are a few minutes drive away from the property., A location site plan is attached for identification purposes only. Description, The property would appear to be of mid-1960’s construction with concrete floors and generally flat roofing. The building is highly visible from the main road and benefits from excellent customer parking. To the ground floor, the building is utilized as a traditional banking hall with ancillary office and staff accommodation., The first floor comprises two flats with self-contained access to the rear of the building. In addition, there is a small garden area and a carport for use by the two apartments. We understand that the residential units can be occupied by certain Entitled or Licensed persons but any potential occupier will need to enquire with the relevant Government authorities to ascertain full detail on this. Accommodation, The Property has been measured in accordance with the RICS Code of Measuring Practice and provides the following approximate net internal floor areas, Ground floor, Retail banking hall and ancillary 2,552 sq ft 237.08 sqm, Staff facilities 201 sqft 18.67 sqm, First floor, 1x 2 bed flat and 1 x 3 bed flat, Both flats have a separate lounge, kitchen and house bathroom, Car parking Approx. 20 cars Availability, The whole property is available from 1st July either by way of an assignment of the existing head lease., Sub-lettings of the individual parts will also be considered, subject to separate negotiation. Tenure, The whole property is let on a single full repairing and insuring 9 year lease which terminates on 18 March 2029 with no tenant breaks. The current head rent of £214,077 per annum is subject to 3 yearly upwards only increases in line with the Jersey Retail Price Index, the next review being on 18 March 2026. Rental, The current rent amounts to £214,077 per annum. Use, The property is used as a Class A – retail and alternative uses will be considered (subject to the usual Planning and Landlord consents). Legal costs, Each party to bear their own legal costs and any other cost incurred in an assignment of this lease. Viewing, Strictly by appointment with the Assignor’s sole agent., Nick Trower MRICS, Director – Commercial, www.broadlandscommercial.com, Guy Gothard FRICS, Director –, www.broadlandscommercial.com