60 Newland Street, Witham, Essex, CM8 1AH
- PROPERTY TYPE
Mixed Use
- BEDROOMS
2
- SIZE
Ask agent
Key features
- Freehold
- Strictly by appointment with the Auctioneers
Description
MIXED USE INVESTMENT: A FREEHOLD BUILDING FULLY LET AND PRODUCING A GROSS ANNUAL INCOME OF £32,600. A YIELD OF OVER 10% OF THE GUIDE PRICE
A Freehold three storey building located in the heart of Witham town centre comprising of a commercial retail premises on the ground floor and 2 x residential apartments on the first and second floors. The building is currently fully let and achieving a rising income that is currently £32,600 per annum and due to rise further within the lease period of the commercial retail premises.
Ground Floor Commercial- 722 square foot
First Floor Flat- 528 square foot
Top Floor Flat- 410 square foot
Ground Floor Commercial- £11,000 per annum
First Floor Flat- 528 square foot £900 per month (£10,800 per annum)
Top Floor Flat- 410 square foot £900 per month (£10,800 per annum)
Total annual- £32,600
We are advised that the current lease of the ground floor commercial premises started from March 2025 for a period of 7 years with a rising rent by £250 each . For more information relating to all leases and assured shorthold tenancies please refer to the legal pack
Commercial Premises - C
First Floor Flat - E
Flat 2 - E
Brochures
Legal DocumentsEnergy Performance Certificates
EPC 1EPC 2EPC 360 Newland Street, Witham, Essex, CM8 1AH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Witham Station0.4 miles
- Hatfield Peverel Station2.5 miles
- White Notley Station3.3 miles
Notes
Disclaimer - Property reference 313189. 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 Dedman Gray Auctions, Essex. 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 Dedman Gray Auctions, Essex on 01702 311010.
*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.”
Map data ©OpenStreetMap contributors.