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Agent's details

Maldon - Freehold Retail Investment

For sale: POA|980 Sq Ft|General Retail, Retail - High Street, Restaurant/Cafes, Retail

Property details

FOR SALEPOA
SIZE980 Sq Ft
ADDRESSSuzies Gift & Tea Shop, 106 High Street, Maldon, Essex, CM9 5ET
TYPEGeneral Retail, Retail - High Street, Restaurant/Cafes, Retail
TENUREFor Sale Freehold
POSTED ON19th July 2021

Description

Investment Consideration:
Gross Initial Yield: 5.44%
Rental Income: £20,400 p.a.
VAT is NOT applicable to this property
Comprises ground floor gift shop and tea room at first floor
Total area size of 91 sq m (980 sq ft)
Property benefits from rear garden, providing extra seating spaces
Rated 4.8/5 on Google
Nearby occupiers include café/restaurants, pet shop and gift shop, amongst others.
Large retailers such as HSBC, WH Smith, Subway and Costa Coffee are within short walk further down the High Street.

Property Description:
Comprises ground floor gift shop and tea room at first floor.
Property benefits from rear garden, providing extra seating spaces.

The property provides the following accommodation and dimensions:
Ground Floor: Gift Shop 50 sq m (538 sq ft)
First Floor: Tea Room 41 sq m (442 sq ft)

Tenancy:
The property is at present let to an Individual for a term of 5 years from September 2020 at a current rent of £20,400 per annum and the lease contains full repairing and insuring covenants. No breaks.

Location:
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.

Location

marker
Location: Suzies Gift & Tea Shop, 106 High Street, Maldon, Essex, CM9 5ET

North Fambridge (4.4 miles)

Hatfield Peverel (5.1 miles)

Witham (5.5 miles)

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