The Waterfront, St Helier, Jersey
Price
£15,610,000
Description
•
Dominant Leisure Park in St Helier, the capital of the affluent Channel Island
of Jersey.
•
Anchored by the Channel Islands’ only multiplex cinema and Jersey’s only major
waterpark.
•
Prominently located on the A1 Esplanade for vehicular links to the rest of the
island and within easy walking distance of the key office and retail hubs of St
Helier.
• A
long leasehold interest, at a rent of £1, with an unexpired term in excess of
133 years.
•
The scheme is fully let with a total passing rent of £1,161,721 pa which
represents an affordable current average rent of £12.83 per sqft.
•
WAULT of 15.23 years and WAULT to tenants’ breaks of 9.36 years.
• A
well let scheme with 100% of the income which is secured to UK registered
tenants has a Low Risk or Very Low Risk Experian rating.
•
There are opportunities to improve rental income through settlement of
outstanding and impending rent reviews and to enhance the tenant mix over the
short and medium term through re-letting and lease re-gears.
Net Initial Yield
7.00%