68 Newland Street and 2 - 8 Guithavon Street Witham Essex CM8 1AH

68 Newland Street and 2 - 8 Guithavon Street
Witham
Essex
CM8 1AH

Freehold Retail and Residential

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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Freehold Retail and Residential

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

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

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)