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Property Listing Details

Property details

Features

  • Leasehold
  • Auction sale
  • 07 April 2020
  • EPC Rating - n/a
  • No viewings available

Listing view statistics

Last 30 days: 42 page views

Since listed: 42 page views

Description

Summary
auction sale 07 April 2020 - For more information and legal documents visit our website

description
Virtual freehold retail investment
Investment producing £11,040 per annum
Major High Street location

Location:
This character building holds a prime position within the High Street of Maldon adjoining the historic Moot Hall, home of Maldon Town Council. The property lies opposite Marks & Spencer’s Food Hall. Other major occupiers in the High Street include Greggs, NatWest Bank, Boots, Halifax, Superdrug, Iceland and many more. The High Street is the main shopping area for Maldon which provides services to a densely populated surrounding residential catchment together with additional trade from outline areas. Maldon itself lies near the mouth of the River Chelmer and is a popular Essex town with the A12 lying to the north and the A414 to the south west.

Description:
The property comprises part of this character and historic mid terrace building. This lot comprises a ground floor retail unit with office stores, external stores and yard area.

Accommodation:
Retail Zone A: 24.3sqm (261.5sqft)
Retail Zone B: 2.3sqm (24.7sqft)
Office, Kitchen
Stores: 15.7sqm (169sqft)
Total: 65.5sqm (705.4sqft)

Tenancy:
The property is let to J. W and J. E. Kara (t/a Talking Flowers) for 20 years from 1/12/2004 with rent reviews every 5 years.

Current rent reserved:
£11,040 per annum. Next review/reversion due 2024.

Tenure:
To be sold on a new lease. For full lease details please contact the auctioneers.

Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Map & Nearby

Local Amenities

  • Hatfield Peverel 5 miles
  • Witham 5.4 miles
  • Maldon Court Preparatory School 0.1 miles
  • Plume School 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Hatfield Peverel 5 miles
  • Witham 5.4 miles
  • Maldon Court Preparatory School 0.1 miles
  • Plume School 0.2 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Barnard Marcus - Auctions. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Barnard Marcus - Auctions for full details and further information.