Description

Freehold Block in Prime Central Maldon – Comprising a Commercial Unit, 3 Maisonettes, 12 HMO units, and Rear Development Land with Potential – offers In Excess of £2,850,000. Recently converted 12 HMO units – Income based on LHA rates produce up to £114,000 p.a, bringing total annual income to £250,000 including a 6,684 sq ft commercial unit let to Poundstretcher (£105,000 p.a, 5 years remaining.Three 2-bed maisonettes producing circa £30,000 p.a, with further value-add potential.

VAT

We have been advised that VAT is applicable to this transaction and the property can be bought in a SPV

Location

The property is ideally located in the heart of Maldon, surrounded by a wealth of local amenities including independent shops, cafés, restaurants, and historic landmarks. Within walking distance are key attractions such as the Maeldune Heritage Centre, the iconic Moot Hall, Thomas Plume’s Library, numerous listed buildings, and the popular green spaces of Promenade Park. The area benefits from excellent transport links, making it easily accessible for residents and visitors alike.