Situated in the attractive coastal market town of Maldon, approximately 10 miles to the east of Chelmsford, is this mixed use commercial and residential investment property, situated in the thriving High Street which leads down to the Quay and Promenade Park. Arranged over three levels the building comprises a ground floor retail unit and two flats above (which were fitted-out approximately 10 years ago), with a further ground floor residential unit to the rear of the building.
Ground Floor
Commercial Unit
Entrance into main retail area, office and store/food preparation area.
Tenancy
The retail area is let to a butcher who has recently signed a new five-year lease from 1st September 2022 at a current rental of £10,800 per annum, with a tenant break and rent review on the third anniversary of the lease term.
Flat 1
Entrance hallway, living room, kitchen and cloakroom with W.C.
Second Floor
Two bedrooms and bathroom with W.C.
Tenancy
Holding over under the terms of an original Assured Shorthold Tenancy at a current rental of £700 per calendar month. We have been advised by the Seller that the tenant has been in occupation in excess of five years.
Council Tax Band B
First Floor - Flat 2
Kitchen, bathroom with W.C., living room and bedroom.
Tenancy
Holding over under the terms of an original Assured Shorthold Tenancy at a current rental of £625 per calendar month.
Council Tax Band A
The Studio
Living room with kitchen area, bathroom/W.C. and bedroom with French doors opening onto a small decked courtyard area.
Tenancy
Currently vacant, but terms have been agreed to let the property on an Assured Shorthold Tenancy at a rental of £775 per calendar month.
To the side of the building is a communal entrance way with stairs leading to first floor communal landing. Private entrance to flats.
Council Tax Band A
Outside
There is a driveway to the side of the property leading to park around the rear of the building which may offer parking or potential for alternative uses, subject to all necessary consents being obtainable.
Local Planning Authority
Maldon District Council. Website: maldon.gov.uk. Tel: 01621 854477.
Site Measurements
The property extends to approximately 0.04 hectares (0.11 acres).
