Summary - 29A BROADWAY MAIDENHEAD SL6 1LY
1 bed 1 bath Office
**Standout Features:**
- 999-Year Leasehold with 6 years remaining on current lease
- Stable tenant: Kempton Carr Limited with a £87,416 annual rent
- Permitted development consent for conversion into 30 residential flats
- Prime location in Maidenhead, near retail amenities and transport links
**Concerns:**
- Short lease may pose issues for mortgage lenders
- Very high local crime rate
This modern office space in the heart of Maidenhead's bustling town center presents a rare investment opportunity. With a long leasehold of 999 years, this commercial property benefits from a secure tenant currently generating a steady income of £87,416 per year and has noteworthy potential for redevelopment with approved planning permission for 30 residential flats.
Situated just a short walk from High Street and Queen Street, as well as Maidenhead Rail Station (with quick access to London Paddington), the location ensures continued demand. However, investors should be mindful of the current lease's six-year duration, which may deter potential mortgage lenders. While the area has a high crime rate, the existing tenant's decision to not exercise their break clause this year underscores the confidence in the locale's value. This property not only provides security through rental income but also opens the door to future expansion, making it an intriguing proposition for those looking to enhance their portfolio. Don’t miss out on this unique opportunity to capitalize on a valuable commercial asset with tremendous growth potential.
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