52, 52a & 52b High Street and 52 White Horse Lane Maldon Essex CM9 5PN

52, 52a & 52b High Street
and 52 White Horse Lane
Maldon
Essex
CM9 5PN

Freehold Bank and Ground Rent Investment (plus Vacant Flat and Office)

  • Predominantly let to Bank of Scotland Plc on Renewed Lease
  • Includes Vacant Flat and Recent Planning Permission for conversion of vacant first floor
  • office to a two-bed flat
  • Grade II Listed Building (No Empty Rates)
  • Excellent trading location on High Street close to Marks & Spencer Simply Food, Boots
  • the Chemist, Costa Coffee, Barclays Bank and Superdrug
  • Affluent and historic Essex Town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    48
  • Auction
    8th December 2016
  • Rent
    £24,775 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Bank and Ground Rent Investment (plus Vacant Flat and Office)

  • Predominantly let to Bank of Scotland Plc on Renewed Lease
  • Includes Vacant Flat and Recent Planning Permission for conversion of vacant first floor
  • office to a two-bed flat
  • Grade II Listed Building (No Empty Rates)
  • Excellent trading location on High Street close to Marks & Spencer Simply Food, Boots
  • the Chemist, Costa Coffee, Barclays Bank and Superdrug
  • Affluent and historic Essex Town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 48
  • Auction 8th December 2016
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
10 miles east of Chelmsford, 20 miles south-west of Colchester, 50 miles north-east Central London
Roads
A12, A414
Air
London Stansted Airport
Situation

The property occupies a prominent position on the southern side of High Street, close to its junction with Market Hill, in the heart of Maldon town centre. Nearby occupiers include Boots the Chemist, Marks & Spencer Simply Food, Barclays Bank, Superdrug, Costa Coffee and a number of independent restaurants and bars.

Tenure

Freehold.

Location
Miles
10 miles east of Chelmsford, 20 miles south-west of Colchester, 50 miles north-east Central London
Roads
A12, A414
Air
London Stansted Airport
Situation

The property occupies a prominent position on the southern side of High Street, close to its junction with Market Hill, in the heart of Maldon town centre. Nearby occupiers include Boots the Chemist, Marks & Spencer Simply Food, Barclays Bank, Superdrug, Costa Coffee and a number of independent restaurants and bars.

Tenure

Freehold.

Description

The property, a Grade II listed building, comprises two retail units on the ground floor (part let on a long lease), a self-contained one bed flat and a self-contained office on the first floor (with Planning
to convert to a 2-bed flat) and a further flat on the second floor, let on a long lease. The property also benefits from four car parking spaces to the rear, two of which are offered with vacant possession.

VAT

VAT is applicable to this lot.

Planning

Planning permission was granted on 19/09/2016 for conversion of the first floor office space at 52a High Street into a 2 bedroom apartment. Please refer to Maldon District Council Planning. Reference: LBC/MAL/16/00721 Tel: 01621 854477 (https://www.maldon.gov.uk)

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a Grade II listed building, comprises two retail units on the ground floor (part let on a long lease), a self-contained one bed flat and a self-contained office on the first floor (with Planning
to convert to a 2-bed flat) and a further flat on the second floor, let on a long lease. The property also benefits from four car parking spaces to the rear, two of which are offered with vacant possession.

VAT

VAT is applicable to this lot.

Planning

Planning permission was granted on 19/09/2016 for conversion of the first floor office space at 52a High Street into a 2 bedroom apartment. Please refer to Maldon District Council Planning. Reference: LBC/MAL/16/00721 Tel: 01621 854477 (https://www.maldon.gov.uk)

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
52a High
Street
Ground Banking Hall/
Ancillary
178.65 sq m
(1,923 sq ft)
BANK OF
SCOTLAND PLC (1)
(t/a Halifax)
10 years from
15/11/2013 (2)
£24,525 15/11/2018
(14/11/2023)
52 High
Street
Ground (including 1 car parking space) Retail/
Ancillary
-
-
D. DAVEY &
R. LOUISE
125 years
from 29/09/2001
£150 (28/9/2126)
52a High
Street
First Offices
(see “Planning”
section)
51.00 sq m
(549 sq ft)
VACANT - - -
52b High
Street
First One Bedroom
Flat
-
(-)
VACANT - - -
52 White
Horse Lane
Second (including 1 car parking space) Two Bedroom
Flat
-
(-)
AN INDIVIDUAL 125 years from
25/4/2002
£100 (24/04/2127)
Total Commercial Area
(not including 52 High Street)
   
229.65 sq m
(2,472 sq ft)
    £24,775  

(1) For the year ending 31st December 2015, Bank of Scotland Plc reported pre-tax profits of £2,653,000,000 and a total net worth of £14,692,000,000 (Source: Experian Group 02/11/2016).
(2) The lease provides for a tenant break option on 15th November 2018.

Property Documents

  • Catalogue Page
    Updated Date
    16.11.16
    File Size
    512 KB
    View PDF
  • Site Plan
    Updated Date
    16.11.16
    File Size
    55 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Cavendish Legal Group 188 - 190 Hoe Street, Walthamstow
London
E17 4QH
Matthew Conroy 0208 509 6800m.conroy@clglaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now