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A former toilet block at La Pulente - which was sold off by the States for around £100,000 in 2014 and is now soon due to open as a café and restaurant - is on the market for £3.5m.
The toilets have now been demolished and rebuilt as a 120-cover restaurant with wide views over St. Ouen’s Bay.
The sale is conditional on leasing the property back to the current owner, Nude Food, for a minimum of 10 years.
Nude Food bought the La Pulente building in January for £1.5m from a company owned by Frank Laine, a developer who had begun the project. Mr Laine was an investor in the company but is no longer involved.
Details of the sale opportunity were recently posted on Facebook, including to the 50,000-member group Good or Bad Jersey Businesses, by a private individual, who attached a copy of the sales brochure, produced by Maillard & Co.
Express has received confirmation that the sale brochure is legitimate, with the details only circulated to a small number of investors.
Pictured: Screenshots of the brochure circulated to investors.
It states that the property will attract a passing rent of £210,000 a year, so Nude Food would pay any new owner £2.1m over ten years.
The £3.5m price will reflect a yield of 6% before the purchaser’s costs are deducted.
It adds that Nude Food is a family-run business set up in 2016 to provide healthy, nutritious food for everyone.
“This will form the third location for Nude Food in Jersey, with a successful grab and go bar in central St. Helier and a beach bar on the slip in St Aubin’s Bay,” it states.
Nude Food was co-founded by Lucy Morris and her fiancé Jackson Lowe, whose carpentry and construction business is the contractor for the development.
Recently, Ms Morris told Express that the 212 m2 venue, which will be open seven days a week serving breakfast lunch and dinner, would have a ‘beach-club vibe’ with a décor that included lots of natural colours, rattan furniture and a Mediterranean-inspired mosaic floor.
The brochure adds that all kitchen equipment is now on site and all furniture has been ordered. Menus are designed, staff are trained and policies and procedures drafted.
A nearby kiosk, The Hideout, used to be based close to the toilets but moved further down the slipway access road when work to redevelop the building began.
The kiosk recently received planning permission to stay there until 24 June but it must move within 28 days of the Nude Food restaurant opening.
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