Guide price
£1,000,000
(£81.39/sq. ft)
Office for saleMarket Square, South Woodham Ferrers CM3
12,286 sq. ft
Auction
Freehold
About this property
Net Initial Yield of 11.9%
Majority let to 1 tenant
Modern Retail & Office Development
Town centre shopping district
Fully let, long - term Investment Income
Asset management opportunities
Detailed Description
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. Net Initial Yield of 11.9%
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
Contact auctioneer for tenancy schedule and further details.
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. Net Initial Yield of 11.9%
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
Contact auctioneer for tenancy schedule and further details.
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