Your email has been sent.
106-110 High St 980 SF Retail Condo Unit Offered at $504,026 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.
PROPERTY FACTS
| Total Building Size | 1,043 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,043 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1920 |
| Building Class | B |
| Total Building Size | 1,043 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 1,043 SF |
| Year Built | 1920 |
AMENITIES
- Energy Performance Rating - D
- Storage Space
1 UNIT AVAILABLE
Unit 106
| Unit Size | 980 SF | Sale Type | Investment |
| Price | $504,026 | Tenure | Freehold |
| Price Per SF | $514.31 | Cap Rate | 6.67% |
| Condo Use | Retail | NOI | $33,601.70 |
| Unit Size | 980 SF |
| Price | $504,026 |
| Price Per SF | $514.31 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.67% |
| NOI | $33,601.70 |
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)
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.
NEARBY MAJOR RETAILERS
Presented by
106-110 High St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.