The property is located in a prime position opposite Marks & Spencer Department store and Boots, next to Caffe Nero and the Queens Walk entrance to Nicholson Shopping Centre. Greggs and Toni & Guy are within close proximity as are the West Street and Broadway car parks.
Maidenhead is a Thames-side town located on Junctions 8/9 of the M4 motorway between Marlow, Slough, and Windsor. It has benefitted from considerable inward investment and redevelopment and is on the newly opened Elizabeth Line.
The property comprises a large retail unit on the ground, first and basement with 6 studio flats on the first and second floors. It benefits from rear servicing. Approx. areas (retail NIA, flats GIA):
First floor: 63.4 m2 ( 682 ft2)
Ground Floor: 162.7 m2 (1,751 ft2)
Basement: 135.4 m2 (1,457 ft2)
Total Commercial: 361.5 m2 (3,890 ft2)
6 Studio Flats: 167.9 m2 (1808 ft2)
The property is let to Thames Hospice (Company No. 05316964), a major regional charity, and 6 individuals occupying the studio flats, each on standard AST terms. The retail lease is effectively full repairing and insuring and is for a term of 10 years, expiring 28th February 2027 at a current rent of £55,000 p.a.x. The 1st March 2022 rent review has not been implemented. See the separate schedule for residential tenancies. Flat rents currently total £48,240 p.a. gross. Total income, therefore, is £103,240 p.a.
For more information please contact Philip Marsh by phone on 01494 683642 or email philip@pmcd.co.uk.
Click HERE to download the brochure.