![](https://media.onthemarket.com/properties/13819600/1495956046/image-0-1024x1024.jpg)
![](https://media.onthemarket.com/properties/13819600/1495956046/image-1-1024x1024.jpg)
![](https://media.onthemarket.com/properties/13819600/1495956046/image-2-1024x1024.jpg)
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
See more properties like this:
*DISCLAIMER
Property reference SWF. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Barney Estates & Auctioneers - Battersea.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.