£175,000
(£213.94/sq. ft)
Retail premises for saleBridge Street, Witham CM8
818 sq. ft
About this property
Investment Consideration:
Gross Initial Yield: 8.57%
Rental Income: £15,000 p.a.
VAT is not applicable to this property
Comprises two-storey retail premises t/a office
Occupies a prominent position on the south side of Bridge Street, the town`s principal through road. Occupiers nearby include Lidl, Motorbike Dealer, Solicitor`s, Takeaway and many more.
Property Description:
Comprises two-storey premises arranged as a ground floor retail with ancillary at first floor, providing the following accommodation and dimensions:
Ground Floor: Open plan retail, office, storage, wc
First Floor: Two rooms with kitchenette
Total gia: 76 sq m (818 sq ft)
Tenancy:
The property is at present let to Brink Riley Properties Ltd (with personal guarantee) for a term of 5 years from 19th February 2026 at a current rent of £15,000 p.a. And the lease contains full repairing and insuring covenants. Rent review on 19.02.29 linked to rpi. Tenant option to determine on 19.02.29 with min 6 months notice. Deposit held of £3,750.
Location:
Witham is situated adjacent to the A12 providing access to the M25 (around 30 minutes drive to the south-west). Colchester is approximately 14 miles to the northeast, Chelmsford approximately 10 miles to the south-west. Stansted Airport is approximately 23 miles to the north west. The property occupies a prominent position on the south side of Bridge Street, the town`s principal through road. Occupiers nearby include Lidl, Motorbike Dealer, Solicitor`s, Takeaway and many more.
Gross Initial Yield: 8.57%
Rental Income: £15,000 p.a.
VAT is not applicable to this property
Comprises two-storey retail premises t/a office
Occupies a prominent position on the south side of Bridge Street, the town`s principal through road. Occupiers nearby include Lidl, Motorbike Dealer, Solicitor`s, Takeaway and many more.
Property Description:
Comprises two-storey premises arranged as a ground floor retail with ancillary at first floor, providing the following accommodation and dimensions:
Ground Floor: Open plan retail, office, storage, wc
First Floor: Two rooms with kitchenette
Total gia: 76 sq m (818 sq ft)
Tenancy:
The property is at present let to Brink Riley Properties Ltd (with personal guarantee) for a term of 5 years from 19th February 2026 at a current rent of £15,000 p.a. And the lease contains full repairing and insuring covenants. Rent review on 19.02.29 linked to rpi. Tenant option to determine on 19.02.29 with min 6 months notice. Deposit held of £3,750.
Location:
Witham is situated adjacent to the A12 providing access to the M25 (around 30 minutes drive to the south-west). Colchester is approximately 14 miles to the northeast, Chelmsford approximately 10 miles to the south-west. Stansted Airport is approximately 23 miles to the north west. The property occupies a prominent position on the south side of Bridge Street, the town`s principal through road. Occupiers nearby include Lidl, Motorbike Dealer, Solicitor`s, Takeaway and many more.
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Monthly repayment
£875 per month
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