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The property comprises a high yielding retail investment let to long-standing tenants, William Hill, on a recently signed 20 year lease.
Arranged across ground floor only, the property is let to B J O'Connor Limited (guaranteed by William Hill Organization Limited) on a recently signed 20 year lease expiring 21.03.2044 and paying £23,000 per annum. The lease includes 3-Yearly index linked rent reviews (linked to JRPI) capped at 10%.
We understand the tenant has been in occupation for 15+ years. This, combined with the recent lease renewal, display confidence in the location.
The property is located in St Saviour, an affluent suburb of St Helier, the capital of Jersey. The property forms part of the principal retail amenity for St Saviour with Morrisons immediately opposite.
Tenure
Freehold
Tenancy
The property is let to B J O'Connor Limited (guaranteed by William Hill Organization Limited) on a recently signed 20 year lease expiring 21.03.2044 and paying £23,000 per annum.
The lease is on full repairing and insuring terms and includes 3-Yearly index linked rent reviews (linked to JRPI) capped at 10%. The lease includes tenant break options in years 10 and 15).
Rent