Market Square, South Woodham Ferrers, CM3
- PROPERTY TYPE
Commercial Property
- SIZE
12,286 sq ft
1,141 sq m
Key features
- Net Initial Yield of 11.9%
- Majority let to 1 tenant
- Modern Retail & Office Development
- Town centre shopping district
- Fully let, long - term Investment Income
- Asset management opportunities
Description
The main tenant is a subsidiary of Mitsui & Co (EUROPE) Ltd with a reported profit after tax of £8,538,000 in their March 2023 accounts. Overall accommodation amounts to 12,286 sq ft and produces a GROSS INCOME of £148,665 plus vat. Net Initial Yield of 11.9%
The building is held on a long lease from SW Investments Limited (Formerly owned by the local borough) at a ground rent of £29,750 (Last review 2021)
Net income £118,915
Contact auctioneer for tenancy schedule and further details.
Market Square, South Woodham Ferrers, CM3
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Woodham Ferrers Station0.7 miles
- Battlesbridge Station2.7 miles
- North Fambridge Station2.7 miles
Notes
Disclaimer - Property reference 502012_000502. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Barney Estates and Auctioneers, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barney Estates and Auctioneers, London on 020 8432 7330.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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