Commercial property for sale in Newland Street, Witham CM8

Strapline

Auction Sale - 10/10/2023

High Yielding Retail Investment High Street Retail Property Producing £24,600 per annum

Description

An attractive Grade II listed mixed use building fully let comprising a ground floor retail unit with a cellar, and two self contained one bedroom flats accessed via a separate rear entrance.

Tenancy

We understand from our client that the rental income is:

Ground floor Let on a new 5 year lease from 31st July 2023 at £7,675 p.a.

First Floor - Flat 83A - Let at £750 pcm

Second Floor - Flat 83B - Let at £660 pcm

Accommodation

Please note the approximate areas have been provided by a third party and the property has not been inspected by Savills. The property is believed to comprise of the following:

Ground Floor Inc Cellar - 307 sq ft (28.5 sq m)

First Floor - Flat 83A - Bedroom, Living room, kitchen, bathroom - 464 sq ft (43.1 sq m)

Second Floor - Flat 83B - Bedroom, Living room, kitchen, bathroom - 356 sq ft (33.1 sq m)

Total Floor Area - 1,127 sq ft (104.7 sq m)