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106-110 High St 980 sq ft Retail Unit Offered at £360,000 in Maldon CM9 5ET
Investment Highlights
- Prime retail location in Malden
- Lots of other retailers nearby
- Well connected area with public parking nearby
Executive Summary
Maldon is a town and civil parish on the Blackwater estuary in Essex, England. It is the seat of the Maldon District and starting point of the Chelmer and Blackwater Navigation. Occupiers nearby including number of café/restaurants, pet shop and gift shop, amongst others. Large retailers such as HSBC, Subway and Costa Coffee are within short walk further down the High Street.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 6.94% |
| Sale Type | Investment |
| Net Initial Yield | 6.94% |
| Tenure | Freehold |
Description
Property Description:
Comprises ground floor retail shop previously t/a café with ancillary accommodation at first floor. The property benefits from rear garden and provides the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
Open plan retail, kitchenette, wc
First Floor: 41 sq m (442 sq ft)
Storage, Office
Total GIA: 91 sq m (980 sq ft)
Comprises ground floor retail shop previously t/a café with ancillary accommodation at first floor. The property benefits from rear garden and provides the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
Open plan retail, kitchenette, wc
First Floor: 41 sq m (442 sq ft)
Storage, Office
Total GIA: 91 sq m (980 sq ft)
Sale Notes
Tenancy:
The property is at present let to an Individual for a term of 10 Years from 8th October 2024 at a current rent of £25,000 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine in the 5th year with min 6 months notice. Rent review in the 5th year open market upward only. Lease within Landlord & Tenant Act 1954. Deposit held of £6,250.
The property is at present let to an Individual for a term of 10 Years from 8th October 2024 at a current rent of £25,000 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine in the 5th year with min 6 months notice. Rent review in the 5th year open market upward only. Lease within Landlord & Tenant Act 1954. Deposit held of £6,250.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 106 | 980 sq ft | Retail | £360,000 (£367.35/sq ft) | £25,000 |
Unit 106
| Unit Size |
| 980 sq ft |
| Unit Use |
| Retail |
| Price |
| £360,000 (£367.35/sq ft) |
| NOI |
| £25,000 |
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Unit 106
| Unit Size | 980 sq ft |
| Unit Use | Retail |
| Price | £360,000 (£367.35/sq ft) |
| NOI | £25,000 |
| Sale Type | Investment |
| Net Initial Yield | 6.94% |
| Tenure | Freehold |
| Description | |
| Property Description:<br> Comprises ground floor retail shop previously t/a café with ancillary accommodation at first floor. The property benefits from rear garden and provides the following accommodation and dimensions:<br> Ground Floor: 50 sq m (538 sq ft)<br> Open plan retail, kitchenette, wc<br> First Floor: 41 sq m (442 sq ft)<br> Storage, Office <br> Total GIA: 91 sq m (980 sq ft)</li></ul> | |
| Sale Notes | |
| Tenancy:<br> The property is at present let to an Individual for a term of 10 Years from 8th October 2024 at a current rent of £25,000 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine in the 5th year with min 6 months notice. Rent review in the 5th year open market upward only. Lease within Landlord & Tenant Act 1954. Deposit held of £6,250.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 1,043 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 1,043 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1933 |
| Costar Property Class | B | Total Plot Size | 0.03 ac |
| Total Property Size | 1,043 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 1,043 sq ft |
| Year Built | 1933 |
| Total Plot Size | 0.03 ac |
Amenities
- EPC - D
- Storage Space
1 1
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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106-110 High St
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