7 High Street, Maidenhead, SL6 1JN

FREEHOLD RETAIL and RESIDENTIAL INVESTMENT FOR SALE

CENTRAL, PROMINENT LOCATION
COMMERCIAL INCOME £37,000 P.A. PLUS VACANT FLATS AND STORE
APPROX. TOTAL YIELD OF 7.6% ON LETTING OF VACANT FLATS

LOCATION
The property is situated on the south side of The High Street in Maidenhead, just to the east of the junction with St Ives Road in arguably the nicest part of the town centre. Maidenhead itself, is a busy town with a resident population of over 70,000 on the A4, close to junction 8/9 of the M4. The town centre is being transformed by a number of significant retail and residential developments and the area around this property has been enhanced, with more amenities and attractions. The Elizabeth Line/GWR station is nearby.
What3Words Location: ///RESIST.CRITIC.LOAF

DESCRIPTION
The property comprises a terraced, 2 storey building, with two shops, two flats and a currently vacant first floor space . The larger retail unit is operated as a sun tanning and beauty establishment on two levels . Some photos of Flats supplied by letting agents, Watermans, before most recent letting. Approx. net areas provided as a guide only:

Shop 7: 69.2 m2 (745 ft2) incl. 205 ft2 on 1st floor
Shop 7a: 33.5 m2 (361 ft2)
1st Floor: 16.3 m2 (175 ft2) vacant area
Flat 1: 1 bed, 2nd bed/boxroom, kitchen, bathroom
Flat 2: 2 beds, kitchen, bathroom

TENANCIES
Shop 7a is let to D Kaczmarek, t/a Needle Tailoring, on assignment, for a term expiring 30 June 2025 at £12,000 p.a.x. but has recently agreed a regear to a 7-year term at £14,500 rising by £500 on the 3rd and 5th years. Shop 7 is let to The Suntan Shop (Maidenhead) Ltd for a term to 7 June 2028 at £22,500 p.a.x. Flats 1and 2 are currently vacant but were recently let at £1400 p.m. and £1300 p.m. respectively. A store/office room on the first floor is currently vacant.

EPC Flats: D, Shops: C

TERMS
We are seeking offers in excess of £900,000 for the freehold interest in the building.

For more information, email philip@pmcd.co.uk or phone 01494 683642

( Agency Pilot Software ref: 450 )