162-164 High Street, Maldon, Essex, CM9 5BX
- PROPERTY TYPE
Mixed Use
- BEDROOMS
2
- SIZE
Ask agent
Key features
- Freehold
- Strictly by appointment with the Auctioneers
Description
MIXED USE PROPERTY: A FREEHOLD LISTED BUILDING IN THE HEART OF MALDON TOWN CENTRE WITH GROUND FLOOR RESTAURANT AND FIRST FLOOR ACCOMMODATION
A freehold Grade II* listed property located in the heart of Maldon town centre close to the popular Hythe Quay, comprising of a restaurant on the ground floor and residential accommodation on the upper floors. The building is being sold with vacant possession and therefore could suit both owner occupation or buy to let investment. It is considered that if fully let the property could generate an annual income of around £37,000 which represents a yield close to 10% of the guide price.
The restaurant on the ground floor totals approx. 680 sq ft. including a commercial kitchen and ladies & gentlemans' WC.
The split level duplex apartment offers around 800 sq.ft of accommodation which includes :
Entrance hall, kitchen, lounge, 2 bedrooms, bathroom/WC and loft room.
Externally there is fenced/gated rear yard/garden space with vehicular access and providing concreted parking for 2 cars, space for refuse and access to the residential parts above.
We believe the commercial part of the building is capable of being let at a rent of approx. £25,000 per annum.
The residential accommodation could be let and produce a rental income of circa. £12,000 per annum including one parking space.
Brochures
Legal Documents162-164 High Street, Maldon, Essex, CM9 5BX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hatfield Peverel Station5.3 miles
Notes
Disclaimer - Property reference 302377. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Auctions, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auctions, Essex on 01702 311010.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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