159/159A, High Street, Maldon, Essex, CM9 5BS
Size
1,771
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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Key features
- Rental Income: £28,250 p.a.
- Gross Initial Yield: 8.07%
- Comprises large ground floor shop with rear yard t/a Nail Salon
- Includes residential flat at first floor which has been sold-off with approximately 79 years remaining
- Retail shop let until February 2041. Rent reviews every 5 years
- VAT is NOT applicable to this property
Description
Gross Initial Yield: 8.07%
Rental Income: £28,250 p.a.
VAT is NOT applicable to this property
Comprises large ground floor shop with rear yard t/a Nail Salon
Retail shop let until February 2041. Rent reviews every 5 years
Includes residential flat at first floor which has been sold-off
Occupiers nearby including Takeaway`s, Convenience Store, Barber Shop and more.
Property Description:
Comprises large ground floor retail shop with residential flat above (sold-off). The retail shop benefits from a fully glazed frontage, which provides access into an open-plan retail area. There are two sets of steps as you go further into the shop. Behind the counter is a separate storeroom/office, kitchenette, and staff WC. Further back there is another WC, plus access to a small yard and separate storage, providing the following accommodation and dimensions:
Ground Floor: 165 sq m (1,771 sq ft)
Open plan retail, storage, kitchen, wc
First Floor: Residential Flat (sold-off)
Tenancy:
The ground floor shop is at present let to Duck Nail Studio Ltd (with personal guarantee) for a term of 15 years from 13th February 2026 at a current rent of £28,000 per annum and the lease contains full repairing and insuring covenants. Rent review every 5 years open market upward only. Tenant option to determine on 13.02.31 with min 6 months notice. Deposit held of £7,000.
The first floor flat has been sold-off on long leasehold for a term of 99 Years from 29th September 2006 at a ground rent of £250 p.a. Ground rent review every 25 years to 1/1940th (0.0515%) of the open market value. Reversion 2105.
Location:
Maldon is an attractive town in Essex, located 9 miles east of Chelmsford, 15 miles south-west of Colchester and 40 miles north-east of Central London. The A12 is to the west and north, accessed by the A414 and B1019 respectively. The property is located in the heart of the town centre with occupiers nearby including Takeaway`s, Convenience Store, Barber Shop and more.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
- No
- Business for sale
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
Together, we unlock potential.
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Disclaimer - Property reference 159highst. 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 BLUE ALPINE PARTNERS LIMITED, London. 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.