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7 High St 1,285 sq ft Retail Property Maidenhead SL6 1JN £900,000 (£700.39/sq ft) 7% Net Initial Yield
Executive Summary
Shop 7 is let to D Kaczmarek, trading as Needle Tailoring, on assignment, for a term expiring 30 June 2025 at a passing rent of £12,000 p.a.x. Shop 7a is let to The Suntan Shop (Maidenhead) Ltd for a term expiring 7 June 2028 at a passing rent of £22,500 p.a.x. Flat 1 is currently vacant and available to let at £1400 p.m. while Flat 2 is let at £1300 p.m. A store/office room on the first floor is currently vacant. NOTE: The tenant of Shop 7a has expressed a wish to take on a further 5-year term in 2028 at a rent of £25,000 p.a.x.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
1,285 sq ft
Costar Property Class
B
Year Built
1899
Price
£900,000
Price per sq ft
£700.39
Yield
7%
NOI
£63,000
Tenancy
Single
Number of Floors
2
Frontage
26 ft on High Street
Amenities
- Bus Route
- Security System
- Storage Space
1 1
Nearby Major Retailers
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7 High St
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