- Freehold investment opportunity
- 10 fully let high spec. apartments
- Prominent corner plot in Maidenhead town centre
- Ground floor offices producing £35,000.00 pa
- SPV purchase option
- Gross rental income: £158,180.00 pa
- Gross initial yield: 5.27%
Broadway House was comprehensively renovated in 2020/21 to provide a detached building with ten flats on the upper floors and an attractive office/showroom (Class E) on the ground floor with a 60 foot frontage to Queen Street. All ten flats are fully let and the ground floor offices are currently leased to Coopers Estate Agents (See attached schedule of rental income and tenancy terms in particulars.)
The residential apartments benefit from a self-contained entrance at the front of the property. All the flats are constructed to a high internal specification and are fully furnished. Amenities include underfloor heating and a video entry system.
The property occupies a prominent position in Maidenhead Town Centre at the junction of Broadway and Queen Street, and adjacent to the Nicholson Centre shopping precinct. On the opposite side of Broadway is The Landing, a £250 Million development, comprising 429 homes, offices, shopping & leisure facilities and a
new public square that is due to complete by the end of 2023. Maidenhead Station is a five minute walk away and provides a regular and
direct service to London Paddington in under 40 minutes via the Elizabeth Line (Crossrail).
Further internal photos, floorplans, schedules, planning consent documents, EPC certificates and tenant covenants are available on request.
The property is available through an SPV purchase, allowing for significant Stamp Duty Land Tax savings.
Please note that each party is to bear their own professional and legal costs. We are advised that VAT will not be chargeable on the purchase price.
Council tax band: B