The Waterfront, St Helier, Jersey
Dominant Leisure Park in St Helier, the capital of the affluent Channel Island
Anchored by the Channel Islands’ only multiplex cinema and Jersey’s only major
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
long leasehold interest, at a rent of £1, with an unexpired term in excess of
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.
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