85 Newland Street, Witham, CM8 1AA

GBP 15,000 per annum exclusive

Overview

Retail - High Street
Property Type

Description

Location

The unit forms part of an attractive Grade II Listed, brick built property and provides ground floor retail accommodation and benefits from a curved glazed retail frontage. To the rear is storage, WC and kitchenette facilities and there is a basement providing further storage.

The accommodation benefits from:

Glazed retail frontage
Air conditioning
Kitchenette facilities
WC

LOCATION
The property is situated on Newland Street in the heart of Witham Town Centre. Witham is a well-established town in Essex situated between Chelmsford and Colchester on the A12.

The A12 is a short distance from the property and provides access to the M25 at junction 28. The property is in close proximity to Witham railway station which provides a service to London Liverpool Street in approximately 45 minutes.

Nearly units comprise estate agents, independent retailers, restaurants and professional service providers, as well as the Town's two major shopping centres; Newland Shopping Centre and The Grove Shopping Centre.

ACCOMMODATION
[approx. net internal areas]
Ground Floor Retail: 368 sq ft [34.19 sq m]
Ground Floor Ancillary: 234 sq ft [21.74 sq m]
Basement: 250 sq ft [23.23 sq m]
Total: 852 sq ft [79.15 sq m]

LOCAL AUTHORITY
Braintree District Council
T. 01376 552525

SERVICES
We understand the property is connected to mains water, drainage and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

BUSINESS RATES
The property is entered into the 2023 rating list as follows:
Rateable Value: GBP 10,750
Approx. annual rates payable (2024/25): GBP 5,375
Occupiers may be eligible for small business rates relief subject to individual circumstances. Interested parties are to rely upon their own independent enquiries.

ENERGY PERFORMANCE CERTIFICATE [EPC]
C - 60

SERVICE CHARGE
There is to be a service charge towards the upkeep of the building. Further information is available upon request.

TERMS
The unit is available to let on a new effective full repairing and insuring lease by way of a service charge for a term to be agreed at a commencing rent of GBP 15,000 per annum exclusive plus VAT.

VAT
We understand that the property is elected to VAT.

LEGAL COSTS
Each party to bear their own legal and professional costs.