Market St - Exchange House 2,253 SF Retail Condo Unit Offered at $1,115,253 CAD in Maidenhead SL6 8AA
INVESTMENT HIGHLIGHTS
- Tenanted retail investment
- Full width frontage for both units
- Situated in affluent and vibrant commuter town
EXECUTIVE SUMMARY
Maidenhead is an affluent and vibrant commuter town benefitting from the new Elizabeth Line (Crossrail) and excellent road links via the M4, A404 and M40. The opportunity is situated between the High Street and West Street, with close proximity to Boots, HSBC, British Heart Foundation and Sainsbury’s. Maidenhead train station is approximately a 5-minute walk from the property. The location is a popular pedestrian cut through root to and from the High Street.
PROPERTY FACTS
| Price | $1,115,253 CAD |
| Unit Size | 2,253 SF |
| No. Units | 1 |
| Total Building Size | 12,413 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 7,600 SF |
| Year Built | 1983 |
| Parking Ratio | 0.08/1,000 SF |
1 UNIT AVAILABLE
Unit 17 & 17a
| Unit Size | 2,253 SF |
| Price | $1,115,253 CAD |
| Price Per SF | $495.01 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
DESCRIPTION
Both units benefit from having a full width frontage and open plan shop floor, with WC facilities to the rear. They further benefit from rear loading and one car parking space per unit to the rear.
The units are currently let to independent tenants, with a total annual income of £53,000 per annum excusive.
17 has recently been let to a Martial Arts centre, for a term of 10 years, with a tenant only break at the 3rd and 7th anniversaries of the lease.
17a has recently been let to a grocery store, for a term of 10 years, with a tenant break in 2029.
SALE NOTES
Tenanted Retail Investment
Offers sought for the virtual freehold, which commenced 31st Jan 2013 for a term of 999 years, for the retail units in isolation at a guide price of £615,000.
The investment is to be sold with the benefit of the commercial tenants in situ, with copies of their leases available upon request.
AMENITIES
- Security System
- Accent Lighting
- Air Conditioning
NEARBY MAJOR RETAILERS
