Available
Maldon – Cafe
106 High Street, Maldon, Essex CM9 5ETFreehold Two-Storey Retail Investment
Price
£375,000
Rent P.A.
£25,000
Yield
6.67%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
8y 10m
Area
980 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- 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.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
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)
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 Description
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.
Tenancies & Accommodation
Location Description
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.