74 & 76 LA COLOMBERIE ST HELIER JERSEY

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1 74 & 76 LA COLOMBERIE FOR SALE BY TENDER TWO SELF CONTAINED RETAIL SHOP UNITS + REAR YARD PROMINENT LOCATION ON BUSY RETAIL PITCH RARE FREEHOLD OPPORTUNITY FOR OWNER OCCUPATION OR INVESTMENT AVAILABLE EITHER AS A WHOLE OR INDIVIDUAL LOTS REDEVELOPMENT POTENTIAL, SUBJECT TO PLANNING

2 74 & 76 LA COLOMBERIE LOCATION 74 & 76 La Colomberie is located on the northern side of La Colomberie, within easy walking distance of the town centre. This established retail pitch is also close to Howard Davis Park and the new Dandara Metropole development in Roseville Street. Neighbouring occupiers include YESS electrical wholesalers, Park House Restaurant, Funchal Paradise Restaurant and Bella Fiori Florists, to name a few. Shop 74-Internal Image Facing Facade Shop 76-Internal Image Facing Facade DESCRIPTION Shop 74: This unit is currently let as a refurbished furniture store on a 3 year lease expiring on 23 rd October 2018 at a passing rent of 5,000 per annum. The shop benefits from a traditional timber framed window frontage, a suspended ceiling, Cat 2 lighting and a partitioned kitchen, W.C. and workshop to the rear. Shop 76 : Currently vacant, this unit has most recently been used by the Public of the Island as a job club drop in centre. The unit has recently been refurbished with new carpets, perimeter trunking and suspended ceiling with integral CAT 2 lighting. Moreover the unit benefits from a fire alarm, intruder alarm and CCTV. ACCOMMODATION The approximate floor areas are as follows: Shop USE AREA SQ FT AREA SQ M 74-Painted Beautiful Shop Workshop Job Club Shop Ancillary office Yard Storage

3 74 & 76 La Colomberie SALES PROCESS We are delighted to offer for sale the freehold interests in these properties by way of informal tender, on behalf of our client, Jersey Property Holdings. Offers are invited and should be made in writing, on the proforma supplied with these details, to the offices of CBRE Jersey Limited on or before 12 noon 29 June All offers must include the following information: Identity of purchaser Purchase price offered Any conditions attached to the offer Timescale for completion Confirmation of availability of funds and / or if funding will be required Identity of legal and other professional advisors Following receipt of offers, Jersey Property Holdings will consider all offers and make a recommendation to the Minister to either; accept an offer, seek to further negotiate with a party/parties having made an offer or seek a more attractive offer through further marketing of the property. Subject to the approval of sale by the Minister, a contract for sale of the property will be provided to the purchaser with an anticipated timescale for completion of six weeks. Each party will be responsible for their own legal and other professional costs associated with any purchase or investigation, whether or not a transaction completes. Jersey Property Holdings and the relevant Minister are not bound to accept the highest or any offer received. GST on Sale All monetary amounts nominated in this proposal, including purchase price, are stated exclusive of GST. That is, GST will apply in addition to the amounts nominated. GST on Lease All monetary amounts nominated in this proposal, including rent and car parking licence fees are stated exclusive of GST. That is, GST will apply in addition to the amounts nominated. GST on Sale of Going Concern All monetary amounts nominated in this proposal, including purchase price, are stated exclusive of GST. That is, GST will apply in addition to the amounts nominated. However, subject to confirmation of legal advice the sale of the freehold interest subject to the leasehold interest will comprise the sale of a going concern and as such GST will be zero-rated and charged at 0%.

4 74 & 76 La Colomberie VIEWING AND FURTHER INFORMATION Further details available on request and viewing by arrangement with the vendor s sole agent, CBRE. CONTACT US JONATHAN QUÉRÉE MRICS Associate Director jonathan.queree@cbre.com HUGO MENDONÇA MRICS Surveyor hugo.mendonca@cbre.com GUY GOTHARD FRICS Director guy.gothard@cbre.com 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

5 74 & 76 La Colomberie CONTACT US JONATHAN QUÉRÉE MRICS Associate Director HUGO MENDONÇA MRICS Surveyor GUY GOTHARD FRICS Director 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

6 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

7 10 GROSVENOR TERRACE GROSVENOR STREET FOR SALE BY TENDER SUBSTANTIAL RESIDENTIAL PROPERTY COMPRISING: 1-BED BASEMENT FLAT 4-STOREY TOWNHOUSE PLUS DEVELOPMENT SITE (subject to planning) SIGNIFICANT OPPORTUNITY TO ADD VALUE AVAILABLE WITH VACANT POSSESSION POSSIBLE TWO GENERATION

8 10 GROSVENOR TERRACE LOCATION 10 Grosvenor Terrace is located mid-way up Grosvenor Street, in the Parish of St Helier, within easy walking distance of all town amenities including prime and secondary offices and retail. Howard Davis Park, Millennium Town Park, St James Centre and various schools are nearby. DESCRIPTION 10 Grosvenor Terrace forms part of an imposing and historically significant late Georgian terrace, constructed in 1826, the first of its kind in Jersey, comprising 15 individual houses extending all the way through to Le Breton Lane. The property is arranged over basement, ground and three upper floors. The basement provides a separate 1-bedroom unit of approximately sqm / 690 sq.ft. while the upper floors provide in excess of sqm / 3,600 sq.ft. currently split into four lodging units, which could either remain as planned, or be returned to a single substantial property, subject to planning. The property benefits from a range of period features including a handcrafted staircase, bread-oven, fireplace surrounds, architraves, doors and floorboards. All windows to the Grosvenor Street elevation are original timber sash, single-pane, retaining some original glass and those to the Le Breton Lane elevation are a mix of timber sash and UPVC. To the rear of the property is an original flag-stone courtyard adjoining a rear garden currently used for car parking (3 cars) but, subject to Planning, this large area presents an attractive development opportunity. Further parking (3 cars) is provided to the front of the property, within the communal gardens. Available for the first time in many years, the property provides a rare opportunity for renovation / development of a substantial townhouse close to the heart of town. It should be noted that 10 Grosvenor Terrace is a Grade 3 listed building. See planning reference HE1482. Interested parties should familiarise themselves with the relevance of the property s listed status.

9 10 GROSVENOR TERRACE ACCOMMODATION The property comprises the following approximate Net Internal Areas: Basement sqm / 690 sq.ft. Ground Floor sqm / 1,050 sq.ft. First Floor sqm / 750 sq.ft. Second Floor sqm / 700 sq.ft. Attic sqm / 1,100 sq.ft. and the following approximate Gross External Areas: Garden Patio sqm / 300 sq.ft. Garden sqm / 815 sq.ft. Rear Parking Area (3 cars) sqm / 510 sq.ft. Front Parking Area (3 cars) sqm / 350 sq.ft CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

10 10 GROSVENOR TERRACE SALES PROCESS The freehold of the property is offered for sale by tender by CBRE on behalf of Jersey Property Holdings. Offers and expressions of interest for the freehold of the property are invited and should be made in writing, on the proforma supplied with these details, to the offices of CBRE Jersey Limited on or before 12 noon 04 May All offers and expressions of interest must include the following information: Identity of purchaser Purchase price offered / purchase scenario proposed Any conditions in relation to the offer Timescale for completion Confirmation of availability of funds and / or if funding will be required Identity of legal and other professional advisors Following receipt of offers / expressions of interest up to 12 noon 04 May 2018, Jersey Property Holdings and CBRE will consider all offers / expressions of interest and make a recommendation to the Minister for Infrastructure and the Minister for Health and Social Services to either; accept an offer / expression of interest; seek to further negotiate with a party/parties having made an offer / expression of interest; or seek a more attractive offer / expression of interest through further marketing of the property. Subject to the approval for sale of the property by the Minister for Infrastructure and the Minister for Health and Social Services, a contract for sale of the property will be provided to the purchaser, by the vendor, with an anticipated timescale for completion of 6-weeks. Costs - each party to be responsible for their own legal and other professional costs in association with regard to any purchase or investigation, whether or not a transaction completes. Jersey Property Holdings / the relevant Ministers are not bound to accept the highest or any offer received CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

11 10 GROSVENOR TERRACE VIEWING AND FURTHER INFORMATION Further details available on request and viewing by arrangement with the vendors sole agent CBRE. CONTACT US JONATHAN QUÉRÉE MRICS Associate Director HUGO MENDONÇA MRICS Surveyor GUY GOTHARD FRICS Director 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

12 10 GROSVENOR TERRACE 10 GROSVENOR STREET GST on Sale All monetary amounts nominated in this proposal, including purchase price, are stated exclusive of GST. That is, GST will apply in addition to the amounts nominated. GST on Lease All monetary amounts nominated in this proposal, including rent and car parking licence fees are stated exclusive of GST. That is, GST will apply in addition to the amounts nominated. GST on Sale of Going Concern All monetary amounts nominated in this proposal, including purchase price, are stated exclusive of GST. That is, GST will apply in addition to the amounts nominated. However, subject to confirmation of legal advice the sale of the freehold interest subject to the leasehold interest will comprise the sale of a going concern and as such GST will be zero-rated and charged at 0%.