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Mixed use for sale
9 -13 Newland Street, Witham, Essex, CM8
£360,000
9 -13 Newland Street, Witham, Essex, CM8
£360,000
Our Summary
- FOR SALE BY AUCTION - WEDNESDAY 11TH DECEMBER 2024LOCATION AND DESCRIPTION This detached established building in the main shopping street (Newland Street) is made up of three ground floor commercial units, all currently let together with vacant upper parts
- This area spans the width of the building and may offer the potential for alternative uses, subject to all necessary consents being obtainable
Description
This detached building in Witham's main shopping street, Newland Street, is comprised of three ground-floor commercial units, each currently let to a different business: a barbers, a café, and a florist. The upper parts of the building are currently vacant, having previously been used for storage and offices. The property benefits from a central location, with nearby shops, bars, restaurants, and recreational facilities, as well as good access to the A12 and Witham railway station. The commercial leases for each unit vary in length, with the longest expiring in 2043, and the current rental income is £40,050 per annum. The vacant upper parts may offer potential for alternative uses, subject to obtaining necessary consents.