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43-45 Newland St
Witham CM8 2BD

Retail Property For Sale

Storefront Properties Essex Witham 43-45 Newland St, Witham, ESS CM8 2BD

Investment Highlights

  • Currently partly let
  • Prominent position
  • Two parking spaces

Executive Summary

The subject property lies directly opposite the Newland Shopping Centre and close to the junction with Collingwood Road. The property comprises a two storey building beneath a pitched, tiled roof with dormer windows to part and a flat roof. Asking Price - £650,000 (Six Hundred and Fifty Thousand pounds) reflecting a Net Initial Yield of 8.65% assuming the vacant shop is let at £25,000 per annum exclusive and allowing for purchasers costs.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
6,709 SF
Building Class
B
Year Built
1955
Price
£595,000
Price Per SF
£89
Net Initial Yield
8.65%
NOI
£51,468
Percent Leased
73%
Tenancy
Multiple
Number of Floors
2
Parking
2 Spaces (0.3 Spaces per 1,000 SF Leased)
Frontage
55 ft on Newland Street

Amenities

  • Storage Space
 

  • Listing ID: 29950084

  • Date on Market: 02/11/2023

  • Last Updated:

  • Address: 43-45 Newland St, Witham CM8 2BD

The Retail Property at 43-45 Newland St, Witham, CM8 2BD is currently available for sale. Contact Whybrow & Dodds Ltd for more information.

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