TypeRetail Investments · Assured Shorthold Tenancies · Flat in Commercial

SL6 7 High Street, Maidenhead

TenureFor sale

7 High Street, Maidenhead, SL6 1/8

Specification

Property type
Property type Retail Investments · Assured Shorthold Tenancies · Flat in Commercial
Tenure
Tenure For sale

Description

The property comprises a terraced, 2 storey building, with two shops, two flats and a currently vacant first floor space (above right). The larger retail unit is operated as a sun tanning and beauty establishment on two levels (above left). Some photos of Flats supplied by letting agents, Watermans, before most recent letting.

TENANCIES

Shop 7 is let to D Kaczmarek, trading as Needle Tailoring, on assignment, for a term expiring 30 June 2025 at a passing rent of £12,000 p.a.x. Shop 7a is let to The Suntan Shop (Maidenhead) Ltd for a term expiring 7 June 2028 at a passing rent of £22,500 p.a.x. Flat 1 is currently vacant and available to let at £1400 p.m. while Flat 2 is let at £1300 p.m. A store/office room on the first floor is currently vacant. NOTE: The tenant of Shop 7a has expressed a wish to take on a further 5-year term in 2028 at a rent of £25,000 p.a.x.

EPC Flats: D, Shops: C

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.

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