Investment for sale

The property comprises a prominent two-storey mixed-use investment / development opportunity, arranged as a ground floor retail unit with a self-contained first floor flat. The ground floor retail accommodation provides predominantly open plan sales space with ancillary staff facilities to the rear, including a kitchenette and WC. The residential accommodation is accessed independently from Wenlock Way via a private entrance located to the left-hand side of the property. The flat comprises an entrance lobby at ground floor level with a staircase leading to first floor accommodation, which includes a living room, double bedroom, kitchen and bathroom. The flat also benefits from a private external area.
In addition, the sale includes a parcel of land to the rear which was formerly let to an adjoining occupier. The site is currently overgrown and contains a detached storage building. The land may offer future development or alternative use potential, subject to obtaining the necessary planning consents (STPP).
LOCATION
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, together with excellent road communications via the A414, providing direct access to the A12 and the wider strategic motorway network, including the M25.
The property occupies a highly prominent town centre position on the northern side of the High Street at the junction with Wenlock Way. Wenlock Way provides a busy pedestrian thoroughfare linking the High Street with one of the town centre's principal public car parks, generating consistently high levels of passing footfall.
The surrounding area is well established as a retailing destination, with a mix of national, regional and independent occupiers. Nearby retailers include Peacocks, Euronics and the British Heart Foundation, together with a variety of cafés and restaurants.
ACCOMMODATION
Ground Floor
Retail - 345 sq. ft [32.13 sq. m]
WC/Kitchen - 47 sq. ft [4.41 sq. m]
Total - 392 sq. ft [36.54 sq. m]
First Floor
Living Room - 3.50m x 3.25m
Bedroom - 2.85m x 2.94m plus wardrobe 1.92m x 0.92m
Kitchen - 2.63m x 2.00m
Bathroom - 3.19m x 1.76m
PLANNING
We understand the retail unit has a longstanding A1 Use which now falls under Class E.
The flat falls under Class C3.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised the retail unit falls within Band E (46) of the energy performance assessment scale.
We have been advised the flat falls within Band D (61) of the energy performance assessment scale.
A full copy of the EPC assessments and recommendation reports are available upon request.
SERVICES
We understand the property is connected to mains water, drainage, and 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 & COUNCIL TAX
We are advised the ground floor shop has a rateable value, with effect from the 1st April 2026 of £6,900.
We understand the flat is Council Tax Band A.
LOCAL AUTHORITY
Maldon District Council
01621 854477
TITLE
The property is held freehold under Title EX696731.
TENANCIES
79 High Street is let for a Term of 10 years from 1st April 2021 at a passing rent of £11,100 per annum. There is a rent review on the 1st April 2027.
79a High Street is let for a Term of 12 months from the 30th October 2025 at a passing rent of £775 PCM.
Further details are available upon request.
TERMS
The property is available to purchase on a freehold basis subject to the existing leases.
GUIDE PRICE
Our client is seeking offers in the region of £325,000.
VAT
We understand VAT is not applicable.
LEGAL COSTS
Each party to bear their own legal costs incurred.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenant or purchaser's identity prior to the instruction of solicitors
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE SELLING AGENTS:
Fenn Wright
20 Duke Street
Chelmsford
Essex
CM1 1HL
Contact:
James Wright
E: [email protected]
fennwright.co.uk
01245 261226