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Retail property (high street) for sale

Market Square, South Woodham Ferrers CM3
Retail property (high street)
12,286 sq ft / 1,141 sq m
Added > 14 days

Features and description

  • 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.


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About this agent

Barney Estates & Auctioneers - Battersea
Barney Estates & Auctioneers - Battersea
16 Baltimore House Juniper Drive London SW18 1TS
020 8022 1787
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We operate a property consultancy, auction and asset management business carrying professional indemnity insurance. We act on behalf of clients transacting land and property sales on auction terms with various partners and hold a separate audited client deposit account and we are members of the PRS.  
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