Property Information
Address:
100 High Street
Price: Property no longer available.
Size: SOA
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH605487
Property Ref/Agent: 100-high-street
*Please use the agent ref when calling the agent directly.
Property description
Location
The property occupies a prominent position on the High Street adjacent Shoezone and close to Boots, Subway, JD Weatherspoon, Costa Coffee, Prezzo and Co-op Travel. Maldon is an attractive riverside market town with a district population of c60,000. The town has a strong sailing heritage and tourist industry.
The property
A two storey property comprising modern air conditioned retail accommodation on the ground floor and substantial first floor currently used as storage. There is rear access and parking.
Accommodation The approximate gross internal floor area is:
Ground floor 3271 sq ft (304 sq m)
First floor 3520 sq ft (54 sq m)
Total
6791 sq ft (631 sq m)
Terms
Freehold for sale subject to the current lease.
Lease
Full repairing and insuring for 20 years from 6th March 1998, subject to upward only rent reviews every 5 years. The current rent passing is £48,000 pax payable monthly in advance.
Covenant
Peacocks Stores Ltd is part of Edinburgh Woollen Mill employing over 6000 people. There are currently 400 shops in the UK. To the year to 1st March 2014, the tenant had a turnover of £324,874,000, pre tax profit of £58,471,000 and shareholder funds of £90,545,000.
Proposal
Offers in excess of £625,000 are sought. A purchase at this level represents a return of 7.26% allowing for costs at 5.8%.
Legal costs
Each party is to be responsible for the payment of their own legal costs incurred.
Energy Performance Certificate
In the process of being prepared.
Agent£s Note
All figures quoted are exclusive of Vat (if applicable)
No warranty is given in respect of the current planning use.
None of the amenities or fixtures and fittings have been tested.
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