23 Queen Street Maidenhead Berkshire SL6 1NB

23 Queen Street
Maidenhead
Berkshire
SL6 1NB

Freehold Retail and Residential Ground Rent Investment

Shop let to mobile phone repair specialists (t/a ICrackedIt)
Lease expires November 2025 (3)
Includes four separately accessed flats above let on long leases
VAT-free investment
Close to Nicholsons Shopping Centre
Nearby occupiers include Marks & Spencer, Tesco Express, Iceland Supermarket, Boots the Chemist, Superdrug, Mcdonald's, Greggs, Costa and a JD Wetherspoon

Lot
25
Auction
27th March 2024
Rent
£13,000 per Annum Exclusive
Status
Sold
Price
£125,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Ground Rent Investment

Shop let to mobile phone repair specialists (t/a ICrackedIt)
Lease expires November 2025 (3)
Includes four separately accessed flats above let on long leases
VAT-free investment
Close to Nicholsons Shopping Centre
Nearby occupiers include Marks & Spencer, Tesco Express, Iceland Supermarket, Boots the Chemist, Superdrug, Mcdonald's, Greggs, Costa and a JD Wetherspoon

Lot 25
Auction 27th March 2024
Rent £13,000 per Annum Exclusive
Status Sold
Price £125,000
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 4 miles south-east of Marlow, 12 miles north-east of Reading, 25 miles west of Central London
Roads: A308, A404, M4
Rail: Maidenhead Railway Station (Elizabeth Line and Overground)
Air: London Heathrow Airport

Situation

Maidenhead is a popular and affluent Berkshire market town which benefits from excellent communications, with the M4 motorway being less than two miles to the south and direct access into Central London via Elizabeth Line. The property is prominently situated on the north side of Queen Street, in the heart of the town centre, close to Nicholsons Shopping Centre. Nearby occupiers include Marks & Spencer, Tesco Express, Iceland Supermarket, Boots the Chemist, Superdrug, Mcdonald's, Greggs, Costa and a JD Wetherspoon.

Tenure

Freehold.

Location

Miles: 4 miles south-east of Marlow, 12 miles north-east of Reading, 25 miles west of Central London
Roads: A308, A404, M4
Rail: Maidenhead Railway Station (Elizabeth Line and Overground)
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a shop arranged on part of the ground floor with four separately accessed flats arranged on basement, part ground, first and second floors, let on long leases.

VAT

VAT is not applicable to this lot.

Note

Notices pursuant to Section 5b of the Landlord and Tenant Act 1987 have been served to the residential lessees. No acceptance notices have been received from the tenants within the permitted period and therefore the tenants are not able to exercise the right of pre-emption on this sale.

Completion Period

Six Week Completion

EPC

Band B

Description

The property comprises a shop arranged on part of the ground floor with four separately accessed flats arranged on basement, part ground, first and second floors, let on long leases.

VAT

VAT is not applicable to this lot.

Note

Completion Period

Six Week Completion

EPC

Band B

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.	Rent Review
Part Ground	Retail/Ancillary	20.33	(218)	IFUSIONIT LTD (2) (t/a icrackedit)	6 years from 28/11/2019 (3)	£12,000	28/11/2024
Basement (Flat 1)	Residential	-	-	TWO INDIVIDUALS	125 years from 24/06/2018	£250 rising to £500 in June 2043 with further increases every 25 years	24/06/2043 and 25-yearly thereafter
Ground (Flat 2)	Residential	-	-	AN INDIVIDUAL	125 years from 24/06/2018	£250 rising to £500 in June 2043 with further increases every 25 years	24/06/2043 and 25-yearly thereafter
First (Flat 3)	Residential	-	-	TWO INDIVIDUALS	125 years from 26/06/2019	£250	-
Second (Flat 4)	Residential	-	-	AN INDIVIDUAL	125 years from 24/06/2018	£250 rising to £500 in June 2043 with further increases every 25 years	24/06/2043 and 25-yearly thereafter
Total Commercial Area		20.33	(218)			£13,000

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) The tenant are Apple Certified Technicians that specialise in repairing Apple smartphones, tablets and laptops (www.icracked-it.com)
(3) The lease is subject to a tenant only option to determine at anytime on 12 months notice.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.