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No longer on the market

This property is no longer on the market

Mixed use

Auction
EPC rating: B
Mixed use
100 sq ft / 9 sq m
Added > 14 days

Features and description

  • Guide Price £360,000-£370,000 plus Fees
  • Commercial investment with vacant upper parts
  • Located in the main shopping street (Newland Street)
FOR SALE BY AUCTION - WEDNESDAY 11TH DECEMBER 2024

LOCATION AND DESCRIPTION
This detached established Grade II Listed building in the main shopping street (Newland Street) is made up of three ground floor commercial units, all currently let together with vacant upper parts. 9 Newland Street is let as a Barbers; 11 Newland Street let as a Café and 13 Newland Street let as a Florist.

There are a number of High Street shops, bars, restaurants and recreational facilities available in Witham town centre as well as supermarkets, good vehicular access to the A12 for Chelmsford and Colchester and Witham railway station offers the mainline service to London (Liverpool Street).
The vacant upper parts have previously been used for storage and additional space for the florist and prior to that utilised as offices. This area spans the width of the building and may offer the potential for alternative uses, subject to all necessary consents being obtainable.

To the rear of the property there is an entrance door at ground floor level with staircase to the upper parts.

9 NEWLAND STREET - GOODFELLAS BARBERS
Main barber/sales area (with six cutting stations), waiting area, kitchen and cloakroom with W.C.
Let on a Commercial Lease for a period of 20-years expiring on 8th January 2043 at a current rental of £13,300 per annum.
EPC Rating C

11 NEWLAND STREET - BREEZE CAFE
Open plan café area (with approximately 42 covers), kitchen, washing up room, rear hallway, food store and preparation area, male and female cloakroom/W.C.
Let on a Commercial Lease for a period of 19 years and 6 months expiring on 31st May 2032 at a current rental of £16,000 per annum.
EPC Rating B

13 NEWLAND STREET - MICHELLE FLORAL DESIGN
Main shop and sales area, rear conservatory and preparation area, inner lobby with access basement with chiller area and W.C.
Let on a Commercial Lease for a period of 10 years expiring on 11th July 2026 at a current rental of £11,750 per annum.
EPC Rating E

FIRST FLOOR - VACANT
A number of rooms, shower room and cloakroom with W.Cs.

LOCAL AUTHORITY
Braintree District Council
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SERVICES
We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

BUSINESS RATES
Interested parties are to rely on their own investigations and advised to contact the local authority for further information.

SALE PROCESS
The freehold property is offered for sale subject to the existing leases via Clive Emson Auctioneers on Wednesday 11th December 2024 commencing 11.00am. Guide price is £360,000-£370,000 plus fees.
For further information and access to the legal documents, please refer to Clive Emson Auctioneers' website
VIEWING
At the viewing appointments, only access to the upper level will be granted as the commercial premises are all currently trading.

CONTACT:

Clive Emson Auctioneers
First Floor, 129 New London Road, Chelmsford, Essex, CM2 0QT
Contact:
Paul Bridgeman
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Or

Fenn Wright
20 Duke Street, Chelmsford , Essex, CM1 1HL
Contact:
John Logan
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E: [use Contact Agent Button]

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About this agent

Fenn Wright - Witham & Chelmsford Commercial
Fenn Wright - Witham & Chelmsford Commercial
20 Duke Street Chelmsford, Essex CM1 1HL
01245 261226
Full profileProperty listings
Fenn Wright is the region’s leading, independently owned firm of chartered surveyors, estate agents and property consultants. Our business specialises in; residential sales and lettings, commercial sales, lettings and professional advice, development, planning and new homes, agricultural property advice, farms and estates and waterside properties (UK wide).  At Fenn Wright, everyone takes pride in using their expert local knowledge and professional know-how to provide an industry-leading level of service that delivers results for our clients time and time again.
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