£375,000
(£382.65/sq. ft)
Retail premises for saleHigh Street, Maldon CM9
980 sq. ft
About this property
Comprises two-storey retail premises t/a Café
Total area size of 91 sq m (980 sq ft)
Property benefits from rear garden, providing extra seating spaces
Rated 5/5 on Google
Investment Consideration:
Gross Initial Yield: 6.67%
Rental Income: £25,000 p.a.
VAT is not applicable to this property
Comprises two-storey retail premises t/a Café
Property benefits from rear outdoor garden
Nearby occupiers include café/restaurants, pet shop and gift shop, amongst others.
Large retailers such as HSBC, Subway and Costa Coffee are within short walk away.
Property Description:
Comprises ground floor retail shop 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)
2 rooms, storage, wc
Total gia: 91 sq m (980 sq ft)
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.
Location:
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.
Gross Initial Yield: 6.67%
Rental Income: £25,000 p.a.
VAT is not applicable to this property
Comprises two-storey retail premises t/a Café
Property benefits from rear outdoor garden
Nearby occupiers include café/restaurants, pet shop and gift shop, amongst others.
Large retailers such as HSBC, Subway and Costa Coffee are within short walk away.
Property Description:
Comprises ground floor retail shop 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)
2 rooms, storage, wc
Total gia: 91 sq m (980 sq ft)
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.
Location:
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.
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