Units 1 - 4 Bell Business Centre, Bell Street

Description

A modern terrace of Business / Hybrid Units, within 0.487acres, with parking for 30 - 40 cars, situated within the Town Centre of Maidenhead. The opportunity is within a short walking distance of the Train Station, providing services to London Paddington and the various Town Centre amenities. There are excellent road links, via the M4, to the South and the A404 to the M40.

The Units provide, as built, ground floor Industrial space with Offices above, with glazed feature entrances and stairwells. Some of the units have been converted to Office accommodation at ground floor level, which could be converted back to Industrial space, with relative ease. The units are currently occupied as follows.

Ground Floor Unit 1 - Let to Baylis Community Media
Ground Floor Units 2 & 3 - Licenced to Cyclehub Charity
Ground Floor Unit 4 - Let to Colemans Cars Ltd
First Floor Units 1 - 4 - Let to Evergen Ltd

The current total rental income is £102,200 per annum, increasing to £154,000 by September 2025 from pre-agreed step rent increases. Ground-floor units 2 & 3 are charitable lettings, not generating a rental income. Baylis Media is a related business of the current ownership and therefore under-rented. Copies of the various leases are available upon request. Should VP be wanted this could be obtained March 2028.

Should the units be refurbished as Hybrid / Business Units it is our view that the rents would be in the region of £12.50psf per annum exclusive. Should the units be converted in its entirety to office accommodation the rent potential will be dependent on the specification but, we anticipate, would be between £19.50psf - £22.50psf.

There is further potential the units could be redeveloped to residential, long term, whether within the existing buildings or demolished and rebuilt as purpose built new residential scheme - Subject To Planning Permission

Location

As above