Commercial Buildings, St. Helier, Jersey £1,800,000

• 15-bedroom lodging house with sea views.
• Combination of historic and modern units.
• Laundry facilities available
• Potential for conversion subject to planning.
• Located conveniently in St. Helier's old harbor area.
• £150,000+ rental return per annum

Presently, a 15-bedroom lodging house boasting sea views from the front, this property features 10 units within the original historic building and 5 units in a modern rear structure. Additionally, communal showers, WC's, and a laundry room are available at the front of the building.

While operating smoothly as a lodging house, the property holds potential for conversion, subject to standard planning requirements, mirroring transformations seen among neighboring properties.

Conveniently situated in the old harbor area, it offers proximity to all of St. Helier's amenities.

Key Features:

15 units in total
Entitled/licensed accommodation
Ground floor apartment: 1 bedroom, open-plan lounge & kitchen, double bedroom, and outdoor area
Registered accommodation (with allowed occupancy rates):
4 single occupancy units with shared shower & WC facilities
5 double occupancy units with shared shower & WC facilities
1 double occupancy studio with private bathroom
1 unit for two adults plus one child under five years old with shared shower & WC facilities
3 units for two adults plus one child under five years old with private bathrooms

The rental income is currently £150,000+ per annum with all tenants on rolling leases.

Early viewing advised.