Lot 66 Commercial Investment LandAuction Date:
11th December 2024
Land South East Side Of 9 Newland Street, Witham, Essex, CM8 2AF
Currently let at £5,000 per annum
This freehold land, situated to the rear of 9-13 Newland Street, Witham is accessed via Mayland Road to the rear and is currently let. Long term it may offer potential for alternative uses, subject to all necessary consents being obtainable.
Site Measurements
The site extends to 0.041 hectares (0.1 acres).
Tenancy
Let under the terms of a commercial lease for a period of 50 years (less 6 days) from 3rd July 2019 and ending on 27th June 2069, at a current rental of £5,000 per annum.
Local Planning Authority
Braintree District Council. Tel: 01376 552525. Website: braintree.gov.uk.
Viewing
On site during daylight hours, taking care to avoid trespass en-route.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
