Lot 82 Commercial Investment With Vacant Upper PartsAuction Date:
11th December 2024
9-13 (Odds) Newland Street, Witham, Essex, CM8 2AF
Currently let at £41,050 per annum
This detached established building in the main shopping street (Newland Street) is made up of three ground floor commercial units, all currently let together with vacant upper parts.
There are a number of High Street shops, bars, restaurants and recreational facilities available in Witham town centre as well as supermarkets, good vehicular access to the A12 for Chelmsford and Colchester and Witham railway station offers the mainline service to London (Liverpool Street).
The vacant upper parts have previously been used for storage and additional space for the florist and prior to that utilised as offices. This area spans the width of the building and may offer the potential for alternative uses, subject to all necessary consents being obtainable.
Ground Floor
9 Newland Street
Goodfellas Barbers
Main barber/sales area (with six cutting stations), waiting area, kitchen and cloakroom with W.C.
Tenancy
Let on a Commercial Lease for a period of 20 years expiring 8th January 2043 at a current rental of £13,300 per annum.
EPC Rating
C (59). Floor area 48 sq.m.
11 Newland Street
Breeze Café
Open plan café area (with approximately 42 covers), kitchen, washing up room, rear hallway, food store and preparation area, male and female cloakroom/W.C.
Tenancy
Let on a Commercial Lease for a period of 19-years and 6 months expiring on 31st May 2032 at a current rental of £16,000 per annum.
EPC Rating
B (36). Floor area 96 sq.m.
13 Newland Street
Michelle Floral Design
Main shop and sales area, rear conservatory and preparation area, inner lobby with access to basement with chiller area and W.C.
Tenancy
Let on a Commercial Lease for a period of 10-years expiring on 11th July 2026 at a current rental of £11,750 per annum.
EPC Rating
E (124). Floor area 87 sq.m.
Outside
To the rear of the property there is an entrance door at ground floor level with staircase to the upper parts.
First Floor
A number of rooms, shower room and cloakroom with W.C.s.
Local Planning Authority
Braintree District Council. Website: braintree.gov.uk. Tel: 01376 552525.
Viewing
At the viewing appointments, only access to the upper level will be granted as the commercial premises are all currently trading.
Freehold with Part Vacant Possession
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
