Chatsworth House, 29 Broadway, Maidenhead, Berkshire, SL6

The Building: The property stands as a commanding structure with a total GIA of 19,723 sq ft, making it one of the more prominent buildings at the edge of Maidenhead town center. The architectural layout allows for a multifunctional use, currently with commercial tenancy on the ground floor and significant development potential above.

The Investment: The ground floor is occupied by Kempton Carr Limited, a well-established firm of Chartered Surveyors, reflecting a stable and reliable income stream through February 2030. The firm has demonstrated its commitment to the location by not exercising their break option in 2023, further reinforcing the asset's value. The commercial lease includes full repairing and insuring terms with an upward-only rent review due in 2025 and a tenant's break option in February 2027.

Development Potential: The upper floors have obtained permitted development rights for conversion into 30 residential flats, providing an exceptional opportunity to capitalize on the growing demand for housing in the area. This development is supported by existing plans for modern living spaces and essential services, including lift access, thereby enhancing the project's feasibility and appeal.

The Location: This property enjoys a prime corner location within less than 0.1 miles from the main retail amenities of High Street and Queen Street, and approximately 0.3 miles from Maidenhead Rail Station, which offers direct services to London. The immediate vicinity is a blend of commercial and residential uses, providing an excellent catchment for future residential developments or continued commercial use.