Lot 10 Freehold Tenanted Commercial Unit And Development OpportunityAuction Date:
20th March 2024
144/144A, 144B & Cottages To Rear Of High Street, Maldon, Essex, CM9 5BX
On behalf of the Executor
Currently let at £8,000 per annum
This commercial investment and development opportunity is situated on Maldon High Street within close proximity to other shops, bars, cafes and restaurants, as well as recreational facilities available at Maldon's Hythe Quay and Promenade Park.
Situated on the Blackwater Estuary, Maldon has supermarkets and retail parks with further High Street shopping, amenities and recreational facilities in the City of Chelmsford approximately 10 miles to the west by vehicular access on the A414.
The subject property is made up of a ground floor commercial investment with flat above, in need of modernisation and improvement, a former coach house with potential, and two three storey cottages in need of finishing off.
144 High Street (The Waffle Bar)
Ground Floor
Main sales area plus additional seating area (24 covers in total), kitchen, inner hallway and cloakroom/W.C.
Tenancy
Let on the terms of a commercial lease at a current rental of £8,000 per annum.
144A High Street
First Floor Flat
A residential flat in need of modernisation and improvement, above The Waffle Bar. At present access has not been possible but is expected during the marketing period.
Council Tax Band - Deleted
144B High Street (Coach House) - Ground Floor
Open space with staircase up to upper level.
Cottages to Rear of 144 High Street
Each cottage is a mirror image of the other and both have accommodation comprising:-
Ground Floor
Entrance into kitchen/dining room area, rear lobby with stairs to first floor.
First Floor
Landing, one room and bathroom.
Second Floor
Landing, room with partial restricted head room and skylight window.
Outside
There is a hardstanding area to the side of each cottage and a courtyard garden to the rear.
Site Measurements
The total site extends to 0.05 hectares (0.12 acres).
Planning
Planning Permission was granted by Maldon District Council under reference 13/00288/FUL, dated 4th September 2013, for the construction of two reclaimed cottages to the rear of 144B High Street, Maldon, subject to conditions.
In addition, Planning Permission was granted under reference 13/00562/LBC, dated 4th September 2013, for the conversion of the existing coach house into a live/work unit and two storey side extension including new carriageway arch for access to rear, subject to conditions.
Whilst some work has started on the coach house, the validity of this Planning Permission would need to be confirmed with Maldon District Council.
Copies of the Planning Consents and accompanying documents may be downloaded from the Local Planning Authority website, maldon.gov.uk. Tel: 01621 854477.
Auctioneer's Note
We have been advised by the seller that elements of the cottages do not meet the Building Regulations required and require alteration. Further information will be available within the legal pack which can be downloaded from the Clive Emson website.
Freehold with Part Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
