Freehold investment for sale - two town centre shops with upper parts - formerley used as offices but with potential to convert to residential.
CURRENT INCOME £52,000 pax With rent reviews outstanding plus vacant space.
Estimated Rental Value £80,000
Description:
The premises are located in a prominent location at the eastern end of Maidenhead High Street on the main vehicular thoroughfare through the town. The premises are located close to a number of multiple retailers, including Burger King, Halifax Bank and Bank of Scotland.
The premises comprise of three storey property with ground floor shop units with self contained two floors of accommodation above with their own self contained access. The upper floors were previously occupied as offices but there is potential (subject to planning) to convert to residential accommodation.
Accomodation:
No 25
Ground floor shop
Frontage 18’
Sales Area 851 sq.ft (ITZA 567)
Ancillary areas 55 sq ft
Rear access & 2/3 Car Parking spaces
Offices : 1299 sq ft (Vacant)
No 27
Ground floor shop
Frontage 19’
Sales area 1335 sq.ft (681 Sq.ft ITZA)
Parking to the rear
Offices 1244 sq.ft (vacant)
Terms:
No 25 Shop Let effectively on FRI terms to The Shaw Trust Ltd until 23/06/2013 at a current rental of £24,000 pa and subject to review 24/06/2008
No 27 Shop Let effectively on FRI terms to Susan Graham (Florist) until 29/06/2012 at a current rental of £28,000 pa.
The review is currently outstanding and negotiations are under way-further information upon request.
Price:
Our clients are seeking offers in the order of £1Million subject to contract for their freehold interest.
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