Attractive Corner Retail/Restaurant Unit with Remainder Let on Long Leases
Popular Essex town
Situated opposite Prezzo and Barclays Bank
Town Centre Location close to Newland Shopping Centre
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 10
Auction 13th October 2016
Rent £25,150 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
9 miles north east of Chelmsford, 15 miles south west of Colchester
Roads
B1389, A12
Rail
Witham Rail (45 mins to London Liverpool Street)
Air
London Stansted
Situation
Witham is a town in Essex located just off the A12 between Chelmsford and Colchester. The property is situated in the town centre on the northern side of Newland Street at its junction with Guithavon Street. Newland Shopping Centre is located some 50 metres to the north and houses retailers including New Look, Greggs, Halifax and Thomas Cook. Other nearby occupiers include Prezzo, Barclays Bank, McColls, Haart Estate Agents and Subway
Tenure
Freehold.
Location
Miles
9 miles north east of Chelmsford, 15 miles south west of Colchester
Roads
B1389, A12
Rail
Witham Rail (45 mins to London Liverpool Street)
Air
London Stansted
Situation
Witham is a town in Essex located just off the A12 between Chelmsford and Colchester. The property is situated in the town centre on the northern side of Newland Street at its junction with Guithavon Street. Newland Shopping Centre is located some 50 metres to the north and houses retailers including New Look, Greggs, Halifax and Thomas Cook. Other nearby occupiers include Prezzo, Barclays Bank, McColls, Haart Estate Agents and Subway
Tenure
Freehold.
Description
The property comprises a prominent corner retail unit predominantly trading as a restaurant. Two retail units fronting Guithavon Street and three residential units on upper floors have been let on long leases.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a prominent corner retail unit predominantly trading as a restaurant. Two retail units fronting Guithavon Street and three residential units on upper floors have been let on long leases.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
68 Newland Street
Ground and Basement
Retail/ Restaurant
189.71 sq m
(2,042 sq ft)
INDIVIDUAL t/a Hold the Anchovies Restaurant (1)
10 years from 27/11/2012
£25,000
27/11/2017 (26/11/2022)
2, 4 & 6 Guithavon Street
Ground
Retail
Not Measured
INDIVIDUAL t/a Crumbs Sandwich Bar and the Trade Inn
999 years from 01/04/1980
-
(31/03/2979)
Flat A
First
Residential
Not Measured
INDIVIDUAL
150 years from 04/01/2000
£50
04/01/2050 (03/01/2150)
Flat B
Uppers
Residential
Not Measured
NOS 2 LIMITED
150 years from 04/01/2000
£50
04/01/2050 (03/01/2150)
Flat C
Uppers
Residential
Not Measured
INDIVIDUAL
150 years from 04/01/2000
£50
(03/01/2150)
Totals (No. 68 only)
189.71 sq m
(2,042 sq ft)
£25,150
(1) Hold the Anchovies is a vintage dining room and world kitchen which was Highly Commended for Pride in Essex, by Essex Life Food & Drink Awards. (Source: www.holdtheanchovies.co.uk 13/09/2016)
