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159 High St 980 sq ft Retail Property Maldon CM9 5BS £350,000 (£357.14/sq ft)
Investment Highlights
- Prominent location
- Close to amenities
- Heavy daytime food traffic
Executive Summary
The ground floor shop is at present let to Duck Nail Studio Ltd (with personal guarantee) for a term of 15 years from 13th February 2026 at a current rent of £28,000 per annum and the lease contains full repairing and insuring covenants. Rent review every 5 years open market upward only. Tenant option to determine on 13.02.31 with min 6 months notice. Deposit held of £7,000. The first floor flat has been sold-off on long leasehold for a term of 99 Years from 29th September 2006 at a ground rent of £250 p.a. Ground rent review every 25 years to 1/1940th (0.0515%) of the open market value. Reversion 2105.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
980 sq ft
Year Built
1965
Price
£350,000
Price per sq ft
£357.14
Tenancy
Single
Number of Floors
1
Plot ratio
0.45
Total Plot Size
0.05 ac
Frontage
21 ft on High Street
Amenities
- Commuter Rail
- Signage
- Storage Space
1 1
Nearby Major Retailers
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159 High St
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