Commercial - Essex
01206 216 565 90 - 92 Newland Street, Witham, Essex CM8 1AS
For Sale Freehold
Substantial High Street Retail Unit 586.8 sq m
Attractive 3 storey building
Prominent location with neighbouring occupiers including NatWest, Lloyds, J D Wetherspoons, and other household names.
Parking, outbuilding and garden to rear
Full height display windows to ground floor
A1 retail use with A3 potential (stp)
Attractive Grade II Listed premises
(6,316 sq ft)
Details Location
Accommodation
Witham is a well established shopping centre in Essex, situated between Chelmsford and Colchester on the A12, connecting the eastern region to London.
Ground Floor (GIA) First Floor (GIA) Second Floor (GIA) Basement (GIA) Total floor area (GIA)
The town has a resident catchment population of approximately 58,000. which has trebled in the last 20 years and continues to grow. The property is located only 1/2 mile from Witham station, which has a journey time of 53 minutes to London Liverpool Street. The property is well located in a primary retail trading pitch on Newland Street with nearby occupiers including banks Lloyds, NatWest, JD Wetherspoon and Nationwide. The property lies close to the public car park, and benefits from short-term parking immediately to the front of the building.
3,574 sq ft 1,679 sq ft 936 sq ft 127 sq ft 6,316 sq ft
(332 sq m) (156 sq m) (87 sq m) (11.8 sq m) (586.8 sq m)
Planning The property is Grade II Listed and situated within the Witham Town Centre Conservation Area, a copy of the listing is available upon request. Whilst the property currently benefits from an A1 ’Retail’ planning use it is considered suitable for a wide variety of alternative commercial uses or alternatively suitable to full or part conversion to residential use, subject to obtaining the appropriate planning consents.
Description
For further information interested parties are advised to contact Braintree District Council, telephone 01376 552525.
The property trades as a family department store under the name of F. Byford & Son established in 1955.
Business Rates
The property comprises a large three storey period building with a basement, constructed of part timber and part loadbearing brickwork beneath principally tiled roofs together with some single storey felt covered flat roofs.
Rateable Value Rates payable (2017/2018)
The ground floor of the property benefits from three large display windows fronting Newland Street.
We understand that mains water, electricity, gas and drainage are connected. Interested parties will need to undertake their own due diligence as to the efficiency and suitability of the installations for their purposes.
The property is laid out to provide a mixture of open plan and cellular space, which suits the current department store use. At the rear of the property, accessed via Lawn Chase, there is an overgrown plot of additional land containing a disused outbuilding providing potential for further development or additional car parking.
Particulars for 90 - 92 Newland Street, Witham, Essex CM8 1AS
£37,250 £17,358.85 pa
Mains Services
Legal Costs Each party is to be responsible for their own legal costs incurred in this transaction. A non refundable legal deposit will be required should sales terms be agreed.
PLAN NOT TO SCALE - FOR IDENTIFICATION PURPOSES ONLY Price
Viewing
Offers are invited for the freehold interest with vacant possession in excess of £600,000.
Strictly by prior appointment with the sole agents:
VAT The property is not VAT elected.
Fenn Wright 1 Tollgate East, Stanway, Colchester, CO3 8RQ
01206 216 565 fennwright.co.uk Contact: James Angel T. 01206 216558 E.
[email protected] Lewis Chambers T. 01206 216562 E.
[email protected] Particulars for 90 - 92 Newland Street, Witham, Essex CM8 1AS
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 90 - 92 Newland Street, Witham, Essex CM8 1AS
Fenn Wright have Essex and Suffolk covered