Retail property (high street) for sale
Property description & features
- Gross yield at GUIDE PRICE 15%
- Modern Retail & Office Development
- Fully let, long -term Investment Income
- Majority let to 1 tenant
- Town centre shopping district
- Asset management opportunities
Barney Estates and Auctioneers are delighted to bring to the market this purpose built 3 storey modern development in the heart of South Woodham Ferrers commercial town centre. Built circa 1991 of steel frame construction, this attractive site offers versatile accommodation and long-term income. 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.
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
Yield based on guide price of £750,000 (excl. purchase costs) 15.8%
Contact auctioneer for tenancy schedule and further details.
Places of interest
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