Retail property (high street) to rent

The available accommodation is on the ground floor of a Grade II Listed building at the heart of Maldon's High Street. The property which is in the process of being refurbished will provide an open plan retail area to the front and a storage area to the rear. New WC and kitchenette facilities are to be provided. There is a basement which is accessed via a staircase in the shop which may provide additional storage. The property can also be accessed by foot and vehicle to the rear via Bull Lane. An allocated car parking space is to be provided.

LOCATION
Maldon is an attractive coastal town located approximately 10 miles to the east of Chelmsford and 18 miles south west of Colchester with a population of approximately 23,000. The town is served by the A414 which provides access to the A12 dual carriageway and the M25 motorway.

The property is situated on the northern side of the High Street between Maldon's historic "Moot Hall" and the Oak House Restaurant/Bar. This section of High Street forms part of the towns prime retail area with a number of national retailers including Marks and Spencer Simply Food, QD Stores, Boots and Greggs.

ACCOMMODATION
[Approximate Net Internal Floor Areas]
Retail 278 sq ft [25.83 sq m]
Store 190 sq ft [17.73 sq m]
WC 17 sq ft [1.60 sq m]
Kitchen 26 sq ft [2.47 sq m]
Basement (Not Measured)
Total: 511 sq ft [47.63 sq m]

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised the unit falls within Band C (72) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available upon request.

SERVICES
We understand the property is connected to mains water, drainage and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £9,100. The estimated rates payable is approximately £4,540 (2024/25). The property is eligible for small business rates relief and zero rates will be payable subject to individual circumstances. Interested parties are advised to make their own enquiries with the Local Authority.

LOCAL AUTHORITY
Maldon District Council
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PLANNING
We understand the property has a longstanding A1 Use which now falls under Class E (a, b and c).
E(a)ŠDisplay or retail sale of goods, other than hot food
E(b)ŠSale of food and drink for consumption (mostly) on the premises
E(c)ŠProvision of:
E(c)(i)ŠFinancial services,
E(c)(ii)ŠProfessional services (other than health or medical services), or
E(c)(iii)ŠOther appropriate services in a commercial, business or service locality

TERMS
The property is available on a new Lease on terms to be agreed at a commencing rent of £17,400 per annum exclusive.

VAT
We understand VAT is applicable.

LEGAL COSTS
Each party to bear their own legal costs incurred in this transaction.

VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:

Fenn Wright
20 Duke Street
Chelmsford
Essex
CM1 1HL

Contact:

James Wright
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