Freehold For Sale - Realla
Stanway office, 1 Tollgate East
01206 216 565
Commercial Property Department 85 Newland Street, Witham, Essex, CM8 1AA
Vacant Ground Floor Retail Unit With Two-bedroom Residential Flat Above (Let on AST)
Attractive Grade II Listed premises
In Prime location with neighbouring occupiers including NatWest, Abbotts Countrywide, Lloyds TSB and Bright and Son Solicitors
Full height display windows
Energy Rating: D Most active agency in Suffolk and North Essex Estates Gazette (February 2014)
Freehold For Sale 79 sq m (858 sq ft)
Details Location
Accommodation
Witham is a well established shopping centre in Essex, situated between Chelmsford and Colchester on the A12. The town has a resident catchment population of approximately 58,000. The town’s population has trebled in the last 20 years and continues to grow.
The premises provide the following accommodation and approximate floor areas:
The property is well located in a prime retail trading area on Newland Street with nearby occupiers including banks Lloyds TSB, NatWest and estate agents Abbotts Countrywide. Description The commercial element of the property occupies ground floor and basement areas. The accommodation comprises full height glazed display windows and entrance door opening into the retail area of 477 sq ft (44 sqm). Situated to the rear of the property are kitchenette, W.C. and storage facilities. Access is additionally provided via a door to the rear of the property which opens into a small courtyard. There is a self contained residential apartment over first and second floors. The property is separately accessed via the communal rear courtyard. It comprises, kitchen, bathroom, living room and two bedrooms. Currently let on an assured shorthold tenancy, the property produces £525 pcm (£6,300 pa).
Business Rates From the Local Rating Authority we understand that 85 Newland Street are assessed as follows: Rateable value Rates payable (2014/15)
Retail Area Ground Floor Storage Kitchenette Cellar Total
477 sq ft 90 sq ft 38 sq ft 253 sq ft 858 sq ft
(44 sq m) ( 8 sq m) ( 3 sq m) (24 sq m) (79 sq m)
Terms The freehold interest can be acquired for the sum of £274,400 inc VAT (£245,000 exc VAT). The property will be available part income producing (from residential tenant) or with full vacant possession, as required. VAT The property is elected to VAT which will be applicable to the commercial element of the property at the standard rate. We have been advised that the split is 60:40 split in favour of the commercial side, essentially equating to 12% VAT Viewing Strictly by prior appointment with the sole agents: Fenn Wright 1 Tollgate East, Stanway, Colchester, CO3 8RS Contact: James Angel [email protected] 01206 216 558
Lewis Chambers [email protected] 01206 216 565
£12,250 £5,904.50pa
For further information
01206 216 565 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.
Particulars for 85 Newland Street, Witham, Essex CM8 1AA
Fenn Wright have Essex and Suffolk covered
01206 216 565
Commercial Property Department 85 Newland Street, Witham, Essex, CM8 1AA
Vacant Ground Floor Retail Unit With Two-bedroom Residential Flat Above (Let on AST)
Attractive Grade II Listed premises
In Prime location with neighbouring occupiers including NatWest, Abbotts Countrywide, Lloyds TSB and Bright and Son Solicitors
Full height display windows
Energy Rating: D Most active agency in Suffolk and North Essex Estates Gazette (February 2014)
Freehold For Sale 79 sq m (858 sq ft)
Details Location
Accommodation
Witham is a well established shopping centre in Essex, situated between Chelmsford and Colchester on the A12. The town has a resident catchment population of approximately 58,000. The town’s population has trebled in the last 20 years and continues to grow.
The premises provide the following accommodation and approximate floor areas:
The property is well located in a prime retail trading area on Newland Street with nearby occupiers including banks Lloyds TSB, NatWest and estate agents Abbotts Countrywide. Description The commercial element of the property occupies ground floor and basement areas. The accommodation comprises full height glazed display windows and entrance door opening into the retail area of 477 sq ft (44 sqm). Situated to the rear of the property are kitchenette, W.C. and storage facilities. Access is additionally provided via a door to the rear of the property which opens into a small courtyard. There is a self contained residential apartment over first and second floors. The property is separately accessed via the communal rear courtyard. It comprises, kitchen, bathroom, living room and two bedrooms. Currently let on an assured shorthold tenancy, the property produces £525 pcm (£6,300 pa).
Business Rates From the Local Rating Authority we understand that 85 Newland Street are assessed as follows: Rateable value Rates payable (2014/15)
Retail Area Ground Floor Storage Kitchenette Cellar Total
477 sq ft 90 sq ft 38 sq ft 253 sq ft 858 sq ft
(44 sq m) ( 8 sq m) ( 3 sq m) (24 sq m) (79 sq m)
Terms The freehold interest can be acquired for the sum of £274,400 inc VAT (£245,000 exc VAT). The property will be available part income producing (from residential tenant) or with full vacant possession, as required. VAT The property is elected to VAT which will be applicable to the commercial element of the property at the standard rate. We have been advised that the split is 60:40 split in favour of the commercial side, essentially equating to 12% VAT Viewing Strictly by prior appointment with the sole agents: Fenn Wright 1 Tollgate East, Stanway, Colchester, CO3 8RS Contact: James Angel [email protected] 01206 216 558
Lewis Chambers [email protected] 01206 216 565
£12,250 £5,904.50pa
For further information
01206 216 565 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.
Particulars for 85 Newland Street, Witham, Essex CM8 1AA
Fenn Wright have Essex and Suffolk covered
