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For Sale: £325,000

70b High Street, Maldon, East Of England, CM9

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  • Area

    area
    1328Sq Ft

The property comprises a mid terrace retail unit which is split over ground and first floor. The ground floor provides primarily open plan accommodation and the first floor provides additional accommodation, male and female WC facilities and a kitchen. The ground floor is air conditioned and benefits from a full height glazed frontage with a width of approximately 16.5 ft. Please refer to the floor plan for further information.

Location
Maldon is an attractive coastal town located approximately 10 miles to the east of Chelmsford and 18 miles south west of Colchester with a population of approximately 23,000. The town is served by the A414 which provides access to the A12 dual carriageway and the M25 motorway.

The property is situated in a prime position on the south side of Maldon's High Street close to the junction with Market Hill. Nearby occupiers include WH Smiths, HSBC, Iceland and Costa.

Accommodation
Ground Floor
Retail 44.62 Sq. M. (480 Sq. Ft.)
Stores 25.63 Sq. M. (275 Sq. Ft.)
First Floor
Retail/Store 31.42 Sq. M. (338 Sq. Ft.)
Kitchen 5.10 Sq. M. (54 Sq. Ft.)
WC's 16.85 Sq. M. (181 Sq. Ft.)
Total 123.62 Sq. M. (1,328 Sq. Ft.)

Business Rates
From enquiries with the Local Rating Authority we understand that the premises are assessed as follows:

Rateable Value £19,750
Rates Payable (2022/2023) £9,697 pa approx.

Planning
The property has an A4 drinking establishment use following a successful change of use August 2021. Details can be found online under application 21/00653/FUL.

Local Authority
Maldon District Council
Princes Road, Maldon CM9 5DL
01621 854477

Lease Terms
The property is let to Ginny's Limited from September 2021 for a term of 7 years. The lease is subject to a tenant only break clause on the 4th anniversary of the lease term. Further details are available upon request.

Guide Price
£325,000

VAT
We understand VAT is not applicable.

Energy Performance
Band D - 91

Services
We understand the property is connected to water, drainage and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

Legal Costs
Each party to bear their own legal costs incurred in this transaction.

Viewing

Strictly by prior appointment with the sole agent:
Fenn Wright
20 Duke Street, Chelmsford, CM1 1HL
01245261226
fennwright.co.uk
Contact - James Wright - jw@fennwright.co.uk
John Logan - jdl@fennwright.co.uk

Features

  • Prime High Street Investment Opportunity
  • Guide Price - £325,000 (No VAT)
  • Nearby Occupiers Include WH Smith, HSBC, Costa and Iceland
  • Let to Ginny's Limited on a 7 Year Lease from September 2021
  • A4 Drinking Establishment Use
  • First Floor WC Facilities

Floor plan

Floorplan Image

Floorplan Image

Map

Call

James Wright

01245 261226
Make an enquiry

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