Retail for sale

A three-storey commercial building which has been used as a bank for several decades. The ground and first floor are primarily open plan benefitting from suspended ceilings with inset LED lighting and air conditioning. There is a second floor providing male and female WC facilities, kitchenette and storage areas. Please refer to the floor plan for further information.
LOCATION
The property is situated on the northern side of Maldon High Street, amongst a strong mix of national and local retailers. This section of the High Street forms part of the town's prime retail offering, with nearby occupiers including Timpson, Boots and M & S Food.
Maldon is an attractive and historic market town situated on the Blackwater Estuary, approximately 10 miles east of Chelmsford and 18 miles south-west of Colchester. The town serves a wide catchment area and benefits from a strong retail, leisure and tourism economy. It enjoys excellent road communications via the A414, providing direct access to the A12 and the wider strategic road network.
Maldon is currently experiencing significant growth, with several residential developments recently completed, under construction or in the pipeline. This ongoing development is expected to further strengthen the town's population, catchment and local economy.
ACCOMMODATION
Ground1,291 sq ft[120.01 sq m]
First1,291 sq ft[120.01 sq m]
Second1,129 sq ft[104.91 sq m]
Total3,711 sq ft[344.93 sq m]
The property has been measured on an approximate Gross Internal Area basis due to limited access. Interested parties are to rely on their own measurements.
Please note the floor plan provided is indicative and not to scale. All partitions which we believe are to by the removed by the current tenant are not shown on the floor plan provided.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised the unit falls within Band B (43) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available upon request.
SERVICES
We understand the property is connected to mains water, drainage and three phase electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.
BUSINESS RATES
We are advised that the premises have a rateable value of £23,000. All interested parties should make their own enquiries with the local rating authority to verify their rates liability.
PLANNING
We understand the property has a longstanding A1 Retail Use which now falls under Class E. All interested parties are to make their enquiries with the local planning authority.
BUILDINGS INSURANCE
In the event of a letting the annual buildings insurance is arranged by the landlord and recharged to the Tenant. We understand the annual buildings insurance for 2026/27 is in the region of £2,000.
TERMS
The property is available to purchase on a freehold basis or to let on a new full repairing and insuring lease for a term of years to be agreed.
QUOTING RENT
£30,000 per annum exclusive.
GUIDE PRICE
£500,000
VAT
We understand VAT is applicable.
LEGAL COSTS
Each party to bear their own legal costs incurred in this transaction.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to verify the identity, private residence and source of funds (where applicable) of prospective purchasers and tenants prior to solicitors being instructed. An administration fee is payable, and further details are available upon request.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
James Wright
E: [email protected]
fennwright.co.uk
01245 261226