Property photos
Auction
From
£260,000
Property for sale
Newland Street, Witham CM8Local area information
Property location
Nearby amenities
- Maltings Academy 0.4 miles
- Howbridge Church of England Junior School 0.5 miles
- Witham 0.5 miles
- Hatfield Peverel 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Fully Let Investment
- Currently producing £24,600 p.a.
- Prime Location
- Guide Price Reflects a Gross Yield of 9.5%
Strapline
Auction Sale - 10/10/2023
High Yielding Retail Investment High Street Retail Property Producing £24,600 per annum
Description
An attractive Grade II listed mixed use building fully let comprising a ground floor retail unit with a cellar, and two self contained one bedroom flats accessed via a separate rear entrance.
Tenancy
We understand from our client that the rental income is:
Ground floor Let on a new 5 year lease from 31st July 2023 at £7,675 p.a.
First Floor - Flat 83A - Let at £750 pcm
Second Floor - Flat 83B - Let at £660 pcm
Accommodation
Please note the approximate areas have been provided by a third party and the property has not been inspected by Savills. The property is believed to comprise of the following:
Ground Floor Inc Cellar - 307 sq ft (28.5 sq m)
First Floor - Flat 83A - Bedroom, Living room, kitchen, bathroom - 464 sq ft (43.1 sq m)
Second Floor - Flat 83B - Bedroom, Living room, kitchen, bathroom - 356 sq ft (33.1 sq m)
Total Floor Area - 1,127 sq ft (104.7 sq m)
Auction Sale - 10/10/2023
High Yielding Retail Investment High Street Retail Property Producing £24,600 per annum
Description
An attractive Grade II listed mixed use building fully let comprising a ground floor retail unit with a cellar, and two self contained one bedroom flats accessed via a separate rear entrance.
Tenancy
We understand from our client that the rental income is:
Ground floor Let on a new 5 year lease from 31st July 2023 at £7,675 p.a.
First Floor - Flat 83A - Let at £750 pcm
Second Floor - Flat 83B - Let at £660 pcm
Accommodation
Please note the approximate areas have been provided by a third party and the property has not been inspected by Savills. The property is believed to comprise of the following:
Ground Floor Inc Cellar - 307 sq ft (28.5 sq m)
First Floor - Flat 83A - Bedroom, Living room, kitchen, bathroom - 464 sq ft (43.1 sq m)
Second Floor - Flat 83B - Bedroom, Living room, kitchen, bathroom - 356 sq ft (33.1 sq m)
Total Floor Area - 1,127 sq ft (104.7 sq m)
More information
Listed by
Savills - National Auctions
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Property descriptions and related information displayed on this page are marketing materials provided by - Savills - National Auctions. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Savills - National Auctions for full details and further information.