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Light Industrial for sale

Freebournes Road, WITHAM, Essex

Removed £4,000,000
89,414 sq. ft.

Property Description

Commercial information

  • 89,414 sq ft (8,306 sq m)

Key features

  • Single let industrial investment situated on a well established commercial location adjacent to the A12 trunk road
  • New 125 year head lease interest
  • Let to Crittall Windows Ltd on a 15 year lease from March 2007, subject to 5 yearly rent reviews
  • Gross Annual rent 450,000 per annum exclusive
  • Gross internal floor area approximately 8,306.82 sq m (89,414.61 sq ft) situated on a site area of 3.35 acres (1.36 hectares)
  • Offers in excess of 4m (Four Million Pounds) are invited subject to Contract and exclusive of VAT for the benefit of the ground leasehold interest. A sale at this level would reflect a net initial yi
  • The property is elected for VAT at the prevailing rate. It is the intention of the vendor to treat this transaction as a Transfer of a Going Concern (TOGC).

Full description

Tenure: Freehold

The subject property is situated in a prominent position at the junction of Newland Street and Freebournes Road, close to the A12 trunk road and within one of the town's main industrial areas which contains a range of national and regional occupiers.

More information from this agent

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