What's Happening?
A parade of shops and flats in Maidenhead town centre, known as Blandy House, is set to be auctioned by Allsop, a leading UK property auction house. The property, located at 3-5 King Street, has a gross
rental income of £208,348 per annum and is expected to fetch between £2.2 million and £2.3 million. The building includes five retail units and nine residential flats, converted from offices. The auction is scheduled for November 4, and the property is anticipated to attract significant interest due to its mixed-use nature and location in a town benefiting from the Elizabeth Line train services.
Why It's Important?
The auction of Blandy House highlights the ongoing demand for mixed-use properties in the UK, particularly in regions like the southeast that have seen infrastructure improvements. The property's combination of retail and residential units offers a diversified income stream, appealing to investors seeking stability in uncertain economic times. The sale also underscores the impact of transportation developments, such as the Elizabeth Line, on property values and investor interest in surrounding areas.
