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    Key features

    • To be offered on Tuesday 23 July
    • Freehold Investment/Development Opportunity
    • Prominent Corner Pitch
    • GIA 19,723 sq ft (1,832.27 sq m)
    • Ground Floor Let to Kempton Carr Limited
    • Lease Expires February 2030
    • Producing £87,416 per annum
    • Development Potential to the Four Upper Floors
    • Permitted Development for Conversion to 30 Flats

    Description

    The property comprises an investment/development opportunity situated in the heart of Maidenhead.

    Arranged across ground and four upper floors, the ground floor is let as an office, whilst the upper parts benefit from permitted development consent to convert to 30 flats.

    The ground floor is let to Kempton Carr Limited on a lease expiring February 2030 and paying £87,416 per annum, the tenant elected not to serve their break in 2023 displaying confidence in the location and therefore offering cash flow for the asset throughout the proposed development programme.

    The upper parts have permitted development consent for conversion to provide 30 flats, with associated M&E to include a lift. a full breakdown of the proposed accommodation is provided in the below accommodation schedule.

    The property occupies a prominent corner pitch at the periphery of Maidenhead town centre, the immediate area comprises a mix of commercial and residential uses, with the retail amenities of the High Street and Queen Street less than 0.1 miles away and Maidenhead Rail Station is approx. 0.3 miles to the south offering direct services to London.

    Additional information

    Tenure

    Freehold

    Tenancy

    The ground floor is let to Kempton Carr Limited on a lease expiring February 2030 and paying £87,416 per annum. The tenant did not serve their break option in 2023.


    The lease is on full repairing and insuring terms and includes an upward only, open market, rent review in 2025. There is a tenants break option in February 2027.


    Kempton Carr Limited (t/a Kempton Carr Croft)


    • D&B Rating - A1
    • Total Assets (2023) - £1,818,000
    • Employees - 32


    Kempton Carr Croft are a firm of Chartered Surveyors headquartered in Maidenhead and with 10 offices throughout the South East.

    Rent

    £87,416 per annum

    Notes

    Please note viewings are available via our Joint Agents:


    Joint Agent



    Freddie Gershinson

    Estate Office

    07393 500 989

    f.gershinson@estate-office.com

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      • High Street - 0.1 miles
      • Maidenhead Station - 0.3 miles


      Rail


      • London Paddington - 23 mins
      • Reading - 14 mins

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums