4 & 6 Atlantic Square, Station Road, Witham, Essex, CM8
- SIZE AVAILABLE
3,780 sq ft
351 sq m
- SECTOR
Office for sale
Key features
- Part Let Office Generating £15,200 Per Annum
- Majority Vacant
- 13 Allocated Car Parking Spaces
- Opposite Witham Train Station
- Approximately 1 Mile From A12
Description
There are a total of 13 allocated car parking spaces situated in the landscaped car park to the front of the scheme.
Location
Atlantic Square is located on Station Road off Avenue Road, close to Witham town centre and opposite Witham mainline rail station. Witham Station provides frequent services to London Liverpool Street with an approximate journey time of 40 minutes. Atlantic Square is approximately 1 mile from the nearest A12 junction which provides both north and southbound access.
Services
We understand the properties are connected to mains water, drainage, electricity and gas. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the properties including IT and telecommunication links.
EPC
4 Atlantic Square: D - 86
6 Atlantic Square: C - 60
Business Rates
The properties are listed on the VOA rating list as follows:
4 Atlantic Square
Rateable Value: £15,500
Approx. Rates Payable (2023/24): £7,734.50
6 Atlantic Square
Ground Floor Rateable Value: £12,750
Approx. Rates Payable (2023/24): £6,362.25
First Floor Rateable Value: £14,500
Approx. Rates Payable (2023/24): £7,235.50
We understand that the car parking spaces are assessed under various individual assessments and generally attracting a Rateable Value of £150 per space. Interested parties are advised to make enquiries with the Local Authority.
Tenancy
The First Floor of 6 Atlantic Square is let to One Claim Limited on an effective full repairing and insuring lease by way of a service charge and contracted outside of the 1954 Landlord and Tenant Act. The Lease commenced on 21st January 2022 for a term of 5 years subject to a Tenant only Break Clause on 3rd anniversary. The lease is guaranteed by Pinnacle Costs & Claims Solutions Limited and the Landlord holds a Rent Deposit to the value of 3 months' rent.
Service Charge
There is an annual estate and building service charge. Further details are available upon application.
Terms
The freehold of 4 & 6 Atlantic Square under the registered title number EX676666 is for sale by way of private treaty subject to the existing Lease at a guide price of £590,000 plus VAT.
A sale of the properties individually may be considered. Further information is available upon request.
VAT
We understand that the properties are elected to VAT.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.
Brochures
4 & 6 Atlantic Square, Station Road, Witham, Essex, CM8
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Witham Station0.1 miles
- Hatfield Peverel Station2.8 miles
- White Notley Station3.1 miles
Fenn Wright are East Anglia’s leading, independently owned partnership of commercial property agents, estate agents and Chartered Surveyors, with a reputation for providing the highest level of customer care. Although we’ve been around since 1768 we endeavour to mix traditional business values with contemporary methods. We have an unequalled presence throughout Essex and Suffolk with offices in the major hubs of Chelmsford, Colchester, Colchester Business Park and Ipswich - as well as branche
Notes
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