Investment and Development Opportunity Ground Floor Let with Six Years Unexpired producing £87,416 pa Upper Parts Vacant with PD Consent to Provide 30 Flats
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 available on the Savills Auctions website. 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.