25 - 27a Maldon Road, Witham - Fenn Wright
Commercial - Essex
01376 530 135 25 - 27a Maldon Road, Witham, Essex, CM8 2AB
Mixed Use Investment Opportunity For Sale Freehold •
Long Established Restaurant/Wine Bar
•
Retail Unit Trading as The Dressing Room
•
Three Residential Units
•
Currently Producing £56,200 per annum
•
Town Centre Location
Most active agency in Suffolk and North Essex Estates Gazette (February 2014)
*Businesses Unaffected*
Details Location
27b Maldon Road (Flat)
The town of Witham, with a population of around 24,000, adjoins the A12 trunk road approximately 40 miles to the north-east of central London, 9 miles north east of Chelmsford and 15 miles south west of Colchester. Witham railway station provides frequent mainline train services to London (Liverpool Street) with a fastest journey time of approximately 45 minutes.
Living Area 4.63 m x 2.41 m
The subject property is situated on the east side of the B1018 Maldon Road in a secondary town centre fringe retail position. To the rear of the property is the Grove Shopping Centre, which can be accessed via a pedestrian walkway. The premises adjoin residential properties to the south-east and north-west boundaries.
Please refer to page 3 of these particulars.
Kitchen 2.24 m x 1.94 m Bedroom 3.79 m x 2.35 m Shower Room 1.94 m x 1.3 m Tenancy Schedule
Guide Price Offers in the region of £750,000. VAT
Description Mixed commercial / residential part 2-storey and part single storey freehold investment property comprising a sizeable ground floor restaurant and bar; a selfcontained ground floor retail unit and three first floor 1bedroom flats. The flats are accessed via a single rear external staircase.
VAT will not payable on the purchase price. Particulars Prepared July 2016. Viewing
The various elements of the property are appropriately fitted for their respective uses. The wine bar has an attractive finish with much exposed timber framing. A brief summary of the accommodation for each element is set-out under the sub-headings below:-
Strictly by prior appointment with the sole agents:
25 Maldon Road (Restaurant/Wine Bar)
fennwright.co.uk
Bar area plus restaurant seating with 100 covers, commercial kitchen and male and female WC facilities. There is an externally accessed first floor staff rest room and WC. 27 Maldon Road (The Dressing Room) Dress shop comprising front and rear sales display areas plus a kitchenette and a single WC. 25a Maldon Road (Flat) Living Room 4.6 m x 4.48 m Kitchen 2.96 m x 2.60 m Bathroom 3.43 m (max) x 1.7 m Bedroom 3.63 m x 3.08 m 27a Maldon Road (Flat) Kitchen 3.08 m (ave) x 2.88 m Living Room 3.14 m x 2.74 m Bedroom 3.49 m x 2.71 m Shower Room plus Store 2.6 m x 1.87 m
Parculars for 25 - 27a Maldon Road, Witham, Essex, CM8 2AB
Fenn Wright 64 Newland Street, Witham, CM8 1AH
01376 530 135 Contact James Wright [email protected]
Address
Use
Size
Lease Terms
25 Maldon Road
A3 Restaurant
170.90 sq. m Tenant: Private Individual (1,839 sq. ft.) Term: 25 years from 21/10/2002 Rent: £28,700 pa Break Clause: October 2022 Lease: Held on a virtual FRI Lease subject to Service Charge Rent Reviews: October 2017 & October 2022
27 Maldon Road
A1 Retail
48.50 sq. m (552 sq. ft.)
25a Maldon Road
Residential
One Bed Flat Tenant: Private Individual Term: Assured Shorthold Tenancy from January 2015. Rent: £500 pcm
Flat 1, 27a Maldon Road
Residential
Studio Flat
Tenant: Private Individual Term: Assured Shorthold Tenancy from July 2012. Rent: £535 pcm inclusive of gas and electric
Flat 2, 27a Maldon Road
Residential
Studio Flat
Tenant: Private Individual Term: Assured Shorthold Tenancy from July 2012. Rent: £535 pcm inclusive of gas and electric.
Tenant: Murfinn Limited with two Personnel Guarantors Term: 7 years from 03/12/2015 Rent: £9,500 pa rising to £10,000 pa Dec 2016 Break Clause: December 2018 Lease: Held on a virtual FRI Lease. Rent Reviews: None
Total Income - £56,200 per annum
Parculars for 25 - 27a Maldon Road, Witham, Essex, CM8 2AB
For further information
01376 530 135 fennwright.co.uk
Fenn Wright for themselves and for the vendors or lessors of this property whose agents they are give notice that: i.
The particulars are set out as a general outline for the guidance of intending purchasers or lessees; and do not constitute, nor constitute part of, an offer or contract.
ii. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. iii. The vendor or lessor does not make or give, and neither Fenn Wright nor any person in their employment has the authority to make or give, any representation or warranty whatsoever in relation to this property. iv. All statements contained in these particulars as to this property are made without responsibility on the part of Fenn Wright or the vendor/lessor. v. All quoting terms may be subject to VAT at the prevailing rate from time to time. vi. Fenn Wright have not tested any electrical items, appliances, any plumbing or heating systems and therefore, cannot give any warranty or undertaking as regards their operation or efficiency.
Parculars for 25 - 27a Maldon Road, Witham, Essex, CM8 2AB
Fenn Wright have Essex and Suffolk covered
01376 530 135 25 - 27a Maldon Road, Witham, Essex, CM8 2AB
Mixed Use Investment Opportunity For Sale Freehold •
Long Established Restaurant/Wine Bar
•
Retail Unit Trading as The Dressing Room
•
Three Residential Units
•
Currently Producing £56,200 per annum
•
Town Centre Location
Most active agency in Suffolk and North Essex Estates Gazette (February 2014)
*Businesses Unaffected*
Details Location
27b Maldon Road (Flat)
The town of Witham, with a population of around 24,000, adjoins the A12 trunk road approximately 40 miles to the north-east of central London, 9 miles north east of Chelmsford and 15 miles south west of Colchester. Witham railway station provides frequent mainline train services to London (Liverpool Street) with a fastest journey time of approximately 45 minutes.
Living Area 4.63 m x 2.41 m
The subject property is situated on the east side of the B1018 Maldon Road in a secondary town centre fringe retail position. To the rear of the property is the Grove Shopping Centre, which can be accessed via a pedestrian walkway. The premises adjoin residential properties to the south-east and north-west boundaries.
Please refer to page 3 of these particulars.
Kitchen 2.24 m x 1.94 m Bedroom 3.79 m x 2.35 m Shower Room 1.94 m x 1.3 m Tenancy Schedule
Guide Price Offers in the region of £750,000. VAT
Description Mixed commercial / residential part 2-storey and part single storey freehold investment property comprising a sizeable ground floor restaurant and bar; a selfcontained ground floor retail unit and three first floor 1bedroom flats. The flats are accessed via a single rear external staircase.
VAT will not payable on the purchase price. Particulars Prepared July 2016. Viewing
The various elements of the property are appropriately fitted for their respective uses. The wine bar has an attractive finish with much exposed timber framing. A brief summary of the accommodation for each element is set-out under the sub-headings below:-
Strictly by prior appointment with the sole agents:
25 Maldon Road (Restaurant/Wine Bar)
fennwright.co.uk
Bar area plus restaurant seating with 100 covers, commercial kitchen and male and female WC facilities. There is an externally accessed first floor staff rest room and WC. 27 Maldon Road (The Dressing Room) Dress shop comprising front and rear sales display areas plus a kitchenette and a single WC. 25a Maldon Road (Flat) Living Room 4.6 m x 4.48 m Kitchen 2.96 m x 2.60 m Bathroom 3.43 m (max) x 1.7 m Bedroom 3.63 m x 3.08 m 27a Maldon Road (Flat) Kitchen 3.08 m (ave) x 2.88 m Living Room 3.14 m x 2.74 m Bedroom 3.49 m x 2.71 m Shower Room plus Store 2.6 m x 1.87 m
Parculars for 25 - 27a Maldon Road, Witham, Essex, CM8 2AB
Fenn Wright 64 Newland Street, Witham, CM8 1AH
01376 530 135 Contact James Wright [email protected]
Address
Use
Size
Lease Terms
25 Maldon Road
A3 Restaurant
170.90 sq. m Tenant: Private Individual (1,839 sq. ft.) Term: 25 years from 21/10/2002 Rent: £28,700 pa Break Clause: October 2022 Lease: Held on a virtual FRI Lease subject to Service Charge Rent Reviews: October 2017 & October 2022
27 Maldon Road
A1 Retail
48.50 sq. m (552 sq. ft.)
25a Maldon Road
Residential
One Bed Flat Tenant: Private Individual Term: Assured Shorthold Tenancy from January 2015. Rent: £500 pcm
Flat 1, 27a Maldon Road
Residential
Studio Flat
Tenant: Private Individual Term: Assured Shorthold Tenancy from July 2012. Rent: £535 pcm inclusive of gas and electric
Flat 2, 27a Maldon Road
Residential
Studio Flat
Tenant: Private Individual Term: Assured Shorthold Tenancy from July 2012. Rent: £535 pcm inclusive of gas and electric.
Tenant: Murfinn Limited with two Personnel Guarantors Term: 7 years from 03/12/2015 Rent: £9,500 pa rising to £10,000 pa Dec 2016 Break Clause: December 2018 Lease: Held on a virtual FRI Lease. Rent Reviews: None
Total Income - £56,200 per annum
Parculars for 25 - 27a Maldon Road, Witham, Essex, CM8 2AB
For further information
01376 530 135 fennwright.co.uk
Fenn Wright for themselves and for the vendors or lessors of this property whose agents they are give notice that: i.
The particulars are set out as a general outline for the guidance of intending purchasers or lessees; and do not constitute, nor constitute part of, an offer or contract.
ii. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. iii. The vendor or lessor does not make or give, and neither Fenn Wright nor any person in their employment has the authority to make or give, any representation or warranty whatsoever in relation to this property. iv. All statements contained in these particulars as to this property are made without responsibility on the part of Fenn Wright or the vendor/lessor. v. All quoting terms may be subject to VAT at the prevailing rate from time to time. vi. Fenn Wright have not tested any electrical items, appliances, any plumbing or heating systems and therefore, cannot give any warranty or undertaking as regards their operation or efficiency.
Parculars for 25 - 27a Maldon Road, Witham, Essex, CM8 2AB
Fenn Wright have Essex and Suffolk covered
