Lot 3: MIXED USE PROPERTY INCLUDING TAKEAWAY UNIT AND FOUR FLATS

Mixed Commercial/Residential - Maldon & Dengie Areas
Mixed Commercial/Residential - Maldon & Dengie Areas
Rear of property
Mixed Commercial/Residential - Maldon & Dengie Areas
Available At £500,000 + Fees
195, 195A, 195B, 195C & 195D High Street, Maldon, Essex. CM9 5BU

Currently let at £24,100 per annum

Estimated rental in the region of £40,000 per annum

Viewing by arrangement with Clive Emson Auctioneers

01245 205778

Paul Bridgeman/Martin Hardy

A recently refurbished mixed use investment situated in the Essex riverside town of Maldon. Located in the High Street the premises offers a mix of residential and commercial accommodation arranged over two floors. Currently arranged as a takeaway unit fronting the High Street with
two, one-bedroom flats and two, two-bedroom flats making up the remainder of the building.

The property is a short distance from The Hythe and Promenade Park with vehicular access to the A414 which connects to Chelmsford, the A12 and beyond.

195 High Street

Takeaway Unit

Ground Floor

Customer seating area, sales counter, kitchen, inner lobby and cloakroom/W.C.

Tenancy

Let at a current rental of £5,500+VAT per annum. The existing lease has expired and a new lease, dated 1st October 2018, has been offered to the tenant for a period of five years with a rent review in year two.

195A High Street

Ground Floor

Entrance door fronting High Street, reception hallway with stairs to:

First Floor

Landing, kitchen/living room, bedroom, shower room and separate W.C.

195B High Street

Ground Floor

Entrance reception hallway with stairs to:

First Floor

Landing, living room, kitchen, two bedrooms, shower room and separate W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £750 per calendar month.

195C High Street

Ground Floor

Living room/kitchen, bedroom and shower room.

195D High Street

Ground Floor

Entrance reception hallway, living room/kitchen, two bedrooms and shower room.

Tenancy

Let on a Commercial Lease for a period of 12 months at a current rental of £800 per calendar month.

Outside

There is access at the rear of the building via a pedestrian right of way from North Street.

Freehold with Part Vacant Possession

Residential EPC: E
Commercial EPC: D

Map

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