Guide price
£575,000
(£293.37/sq. ft)
Property for sale5 High Street, Maidenhead, Berkshire SL6
1,960 sq. ft
Just added
Available immediately
Freehold
About this property
Fully Let To A Mix Of Retail / Office Tenants
Future Residential Development Potential (STP)
Upward Asset Management Potential
Location
The premises are located at the eastern end of Maidenhead Town Centre giving easy access to its facilities, such as multiple national and independent restaurant operators and retailers.
Maidenhead benefits from excellent road communications being located just two miles north of Junction 8/9 of the M4 motorway, whilst the M40 is due north via the A404(M) dual carriageway. The town is also served by a regular rail service to London Paddington and also benefits from being on the Elizabeth Line. Maidenhead station is within a five minute walk to the property.
Description
A period multi let mid-terraced, commercial property, situated in a prominent High Street location.
The property comprises well presented ground floor retail unit, with office accommodation to the first and second floors above accessed via a private entrance, with shared toilet and kitchenette facilities.
Investment Details
Ground Floor:
Tenanted by a private individual, T/A Mailbox. Internal repairing and insuring lease, with service charge contribution for common area maintenance and repairs, lease to expire Sept 2030, with Landlord break clause 2027.
1st Floor:
Tenanted by The Autism Group. Internal repairing and insuring lease, with service charge contribution for common area maintenance and repairs, lease to expire February 2028. There is a rolling tenant break clause, subject to 1 months notice.
2nd Floor
Bespoke Gardening, occupied by Social Climbers Studios, on a protected internal repairing and insuring lease, with no service charge contribution . Lease to expire March 2030, tenant break March 2027, subject to 6 months prior written notice.
The total passing rent is currently £45,740 per annum exclusive. The passing rent is under rented for the 1st floor office, as the current owners wanted to be charitable to the tenant. The second floor letting terms are also below what is felt to be market level, as the current owners would rather have seen the space let than vacant. There is therefore potential to asset manage up the rents in time.
Tenure Comments
The Freehold (Title No. BK82761) is offered for sale with the benefit of three existing tenants in occupation / under lease.
Legal Costs
Each party to bear their own professional and legal costs incurred throughout the legal process.
VAT
The Property is elected to pay VAT
Energy Performance Rating
Ground c-61
First d-91
Second d-78
Fully Let To A Mix Of Retail / Office Tenants
Future Residential Development Potential (STP)
Upward Asset Management Potential
The premises are located at the eastern end of Maidenhead Town Centre giving easy access to its facilities, such as multiple national and independent restaurant operators and retailers.
Maidenhead benefits from excellent road communications being located just two miles north of Junction 8/9 of the M4 motorway, whilst the M40 is due north via the A404(M) dual carriageway. The town is also served by a regular rail service to London Paddington and also benefits from being on the Elizabeth Line. Maidenhead station is within a five minute walk to the property.
Description
A period multi let mid-terraced, commercial property, situated in a prominent High Street location.
The property comprises well presented ground floor retail unit, with office accommodation to the first and second floors above accessed via a private entrance, with shared toilet and kitchenette facilities.
Investment Details
Ground Floor:
Tenanted by a private individual, T/A Mailbox. Internal repairing and insuring lease, with service charge contribution for common area maintenance and repairs, lease to expire Sept 2030, with Landlord break clause 2027.
1st Floor:
Tenanted by The Autism Group. Internal repairing and insuring lease, with service charge contribution for common area maintenance and repairs, lease to expire February 2028. There is a rolling tenant break clause, subject to 1 months notice.
2nd Floor
Bespoke Gardening, occupied by Social Climbers Studios, on a protected internal repairing and insuring lease, with no service charge contribution . Lease to expire March 2030, tenant break March 2027, subject to 6 months prior written notice.
The total passing rent is currently £45,740 per annum exclusive. The passing rent is under rented for the 1st floor office, as the current owners wanted to be charitable to the tenant. The second floor letting terms are also below what is felt to be market level, as the current owners would rather have seen the space let than vacant. There is therefore potential to asset manage up the rents in time.
Tenure Comments
The Freehold (Title No. BK82761) is offered for sale with the benefit of three existing tenants in occupation / under lease.
Legal Costs
Each party to bear their own professional and legal costs incurred throughout the legal process.
VAT
The Property is elected to pay VAT
Energy Performance Rating
Ground c-61
First d-91
Second d-78
Fully Let To A Mix Of Retail / Office Tenants
Future Residential Development Potential (STP)
Upward Asset Management Potential
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Monthly repayment
£2,876 per month
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