Location
22-24 King Street occupies a prime town centre location in the heart of Maidenhead, approximately a 3-minute walk from Maidenhead railway station, providing regular Great Western Railway and Elizabeth Line services.
Junction 8/9 of the M4 motorway is approximately 1.5 miles away, with Heathrow Airport within a 15-mile drive.
Description
22-24 King Street presents an attractive mixed-use investment opportunity in Maidenhead town centre.
Arranged over three floors, the property comprises a ground floor retail unit, two upper floor office suites, and a self-contained flat which has been sold on a 999-year long lease from 25th December 1993.
The ground floor retail unit is occupied by Subway and benefits from prominent double-aspect frontage, a rear loading area and dedicated customer WC facilities.
The first and second floor office suites are accessed via a shared entrance from King Street and provide predominantly open-plan accommodation. The vacant first floor suite includes a glazed meeting room/private office, kitchenette, air conditioning, Cat 5 cabling via a comms cabinet, gas central heating, entry phone system, suspended ceilings with recessed LED lighting, full carpeting and separate WC facilities.
The property also benefits from excellent levels of natural light throughout together with a private rear car park serving both the commercial accommodation and the residential flat.
Investment Details
Available freehold, subject to the leases in place. There are two freehold title register documents, one for the commercial element of the building and the other for the flat, which has been sold off on a 999-year basis from 25 December 1993.
The ground floor retail unit is let to Subway on a 15-year lease expiring 13 March 2038, generating a passing rent of £23,500 per annum. The tenant has break options on 14 March 2028 and 14 March 2033.
The second floor office suite is let until November 2027, producing a current rental income of £15,530 per annum. The 1,310 sq. ft. first floor office suite , is currently vacant and is being marketed to let at a quoting rent of £18,340 per annum exclusive.
Legal Costs
Each party to bear their own professional and legal costs.
VAT
It is understood the property is elected to pay VAT.
Energy Performance Rating
D-98
