Retail for sale

FREEHOLD RETAIL & RESIDENTIAL INVESTMENT FOR SALE
CENTRAL, PROMINENT LOCATION
COMMERCIAL & RESIDENTIAL INCOME ｣65,200 P.A. PLUS VACANT STORE
APPROX. NET YIELD OF 7% (7.25% GROSS)
LOCATION
The property is situated on the south side of The High Street in Maidenhead, just to the east of the junction with St Ives Road in arguably the nicest part of the town centre. Maidenhead itself, is a busy town with a resident population of over 70,000 on the A4, close to junction 8/9 of the M4. The town centre is being transformed by a number of significant retail and residential developments and the area around this property has been enhanced, with more amenities and attractions. The Elizabeth Line/GWR station is nearby.
What3Words Location: ///RESIST.CRITIC.LOAF
DESCRIPTION
The property comprises a terraced, 2 storey building, with two shops, two flats and a currently vacant first floor space . The larger retail unit is operated as a sun tanning and beauty establishment on two levels . Some photos of Flats supplied by letting agents, Watermans, are shown. Approx. net areas provided as a guide only:
Shop 7: 69.2 m2 (745 ft2) incl. 205 ft2 on 1st floor
Shop 7a: 33.5 m2 (361 ft2)
1st Floor: 16.3 m2 (175 ft2) vacant area
Flat 1: 1 bed, 2nd bed/boxroom, kitchen, bathroom
Flat 2: 2 beds, kitchen, bathroom
TENANCIES
Shop 7a is let to D Kaczmarek, t/a Needle Tailoring, on assignment, for a term expiring 30 June at ｣12,000 p.a.x. rising to ｣14,500 on 1st July 2025 then rising by ｣500 on the 3rd and 5th years. Shop 7 is let to The Suntan Shop (Maidenhead) Ltd for a term to 7 June 2028 at ｣22,500 p.a.x. Terms have recently been agreed on Flat 1 at ｣1,100 p.m. and Flat 2 at ｣1,250 p.m. A store/office room on the first floor is currently vacant. From July 2025, total income will
be ｣65,200 p.a.
EPC Flats: D, Shops: C
TERMS
We are seeking offers in excess of ｣900,000 for the freehold interest in the building.
For more information, email [email protected] or phone 01494 683642 0425