Available
Maldon – Restaurant & 2-Bed Flat
162-164 High Street, Maldon, Essex CM9 5BXFreehold Vacant Restaurant & Residential Investment
Price
£375,000
Rent P.A.
Vacant
Tenure
Freehold
Area
1,583 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £39,000 p.a. GIY: 10.40%
- Comprises ground floor restaurant with 2-bed flat at first/second floor, privately accessed at rear
- Restaurant suitable for variety of uses (Class E)
- Benefits from gated yard, suitable for up to 2 cars
- The building is Grade II listed
- Located in the heart of the town centre with occupiers nearby including Takeaway`s, Convenience Store, Barber Shop and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor restaurant (40 covers) with self-contained 2-bedroom flat at first and second floor. The property benefits from rear gated yard and provides the following accommodation and dimensions:
Ground Floor Restaurant: 65 sq m (700 sq ft)
Open plan seating, kitchen, 2 cloak rooms, storage, wc
First/Second Floor Flat: 82 sq m (883 sq ft)
2 bedrooms, living room, kitchen, bathroom
Total GIA: 147 sq m (1,583 sq ft)
Ground Floor Restaurant: 65 sq m (700 sq ft)
Open plan seating, kitchen, 2 cloak rooms, storage, wc
First/Second Floor Flat: 82 sq m (883 sq ft)
2 bedrooms, living room, kitchen, bathroom
Total GIA: 147 sq m (1,583 sq ft)
Tenancy Description
The entire property is at present vacant. ERV: £39,000 p.a.
Location Description
Maldon is an attractive town in Essex, located 9 miles east of Chelmsford, 15 miles south-west of Colchester and 40 miles north-east of Central London. The A12 is to the west and north, accessed by the A414 and B1019 respectively. The property is located in the heart of the town centre with occupiers nearby including Takeaway`s, Convenience Store, Barber Shop and more.