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Clieve Cottage High St 500 sq ft 100% Let Retail Property Maidenhead SL6 9SJ £550,000 (£1,100/sq ft)
INVESTMENT HIGHLIGHTS
- Mixed use investment
- Double fronted retail space
- Planning permission for a two storey rear extension
- Prominent Location in character High Street
- Separate flat with private garden
EXECUTIVE SUMMARY
1-2 Clieve Cottages is a Grade II Listed building containing ground floor double fronted lock up retail unit with separate residential flat over. Located in Cookham High Street close to the River Thames. The High Street has a mixture of residential, retail, and restaurant properties and is very popular with tourists and locals alike. There is a rear yard providing additional seating for the Tea Shop and a secluded long rear garden for the flat.
The ground floor shop is let as a Tea Shop on a 5 year lease from June 2023, expiring in June 2028. The current passing rent is £17,000 which increases by £500 each year. The lease is excluded from the Security Provisions of the Landlord & Tenant Act.
The separate flat has two bedrooms, bathroom, lounge and kitchen which is accessed from the rear, the income on the flat is £1,350 per month.
The property has planning permission under reference 23/01692 and listed building consent under reference 23/02178 for a two storey rear extension to the ground floor cafe and flat above, received on 13th July 2023.
The ground floor shop is let as a Tea Shop on a 5 year lease from June 2023, expiring in June 2028. The current passing rent is £17,000 which increases by £500 each year. The lease is excluded from the Security Provisions of the Landlord & Tenant Act.
The separate flat has two bedrooms, bathroom, lounge and kitchen which is accessed from the rear, the income on the flat is £1,350 per month.
The property has planning permission under reference 23/01692 and listed building consent under reference 23/02178 for a two storey rear extension to the ground floor cafe and flat above, received on 13th July 2023.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
500 sq ft
Costar Property Class
B
Year Built
1897
Price
£550,000
Price per sq ft
£1,100
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.23
Total Plot Size
0.05 ac
Frontage
31 ft on High Street
AMENITIES
- Signage
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Deborah Egan Within Riva Hair & Skin
- -
- -
- -
- -
- Teapot Tea Shop Ltd
- -
- 413 sq ft
- -
- Jul 2023
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Deborah Egan Within Riva Hair & Skin | - | - | - | - | ||
| Teapot Tea Shop Ltd | - | 413 sq ft | - | Jul 2023 |
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Clieve Cottage | High St
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