Retail premises for sale in High Street, Maldon CM9
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Property features
- Mixed- use
- Development potential
Property description
The details for the existing is as follows:
- 6,636 sqf ground floor commercial unit let to Poundstretcher for £105,000 until 1/11/2030 with a break in 2025. The unit has 58’ frontage.
- 3x 2-bedroom maisonettes above Poundstretcher. Passing rent of c. £30,000
- Vacant storage area at first floor totalling approx. 2,600 sqf with planning for 2x 1,315 sqf flats
- Total passing rent of £135,000
Potential angles:
- Re-gear commercial lease to Increase rental income and extend term (who were paying £145,000 pre-covid)
- Increase rents from maisonettes.
- Lapsed planning for 5 flats using the storage area and part of the car park. – Ref 19/00816/ful with Maldon District Council. So potential to resubmit or submit new plans to dd a floor
- Convert the two flats to a 12 unit HMO - erv of additional £95-100k
Location:
Maldon is a riverside town in Essex, England. It is the seat of the Maldon District, which has a population of over 67,000. It is located 40 miles northeast of London.
Occupiers close by include Iceland Supermarket, Costa, wh Smith and a range of local and national retailers.
Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Vanderwald, E5 on +44 1582 936564 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Vanderwald, and do not constitute property particulars. Please contact Vanderwald for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.