Property Details

A Historic Grade Ii Listed Building In The Heart Of Witham Town Centre Comprising Of 1 X Vacant Shop With Upper Floors And 2 Further Premises That Are Currently Let As A Wine Bar And Photo And Framing Centre. The Total Plot Is Approximately 0.3 Acres Which Includes A Large Car Park Containing A Workshop/storage Building And Parking Spaces That Are Let Out To Local Businesses. It Is Considered That The Plot And Some Vacant Parts Of The Building Could Be Redeveloped To Create Residential Accommodation Subject To Obtaining All Relevant Permissions. 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 Approximately 1 Mile From The Property And Provides Access To The M25 At Junction 28. Witham Railway Station Is Approximately 0.6 Miles Away Which Provides A Service To London Liverpool Street With Journey Times From Approximately 44 Minutes. Accommodation Please Refer To The Auction Catalogue Entry At The Following Link: Https://auctioneertemplates.eigroup.co.uk/auctioneers/ded/lot-details.html?lid=289840&clientid=33&lad=newland-street-cm8-1aa Lease Details 63 Newland Street - Vacant 63a Newland Street - Art And Frame - A 5 Year Lease Expired In October 2024 And Was Reverted To A Rolling Annual Lease At A Passing Rent Of £9.400 Per Annum. We Are Advised That The Tenants Wish To Remain (occupied The Building For Over 5 Years). 63b Newland Street - Shampers Wine Bar - 5 Year Lease Of Which There Is Approximately 4 Years Remaining At A Passing Rent Of £10,200 Per Annum. 12 Car Parking Spaces Are Each Let At £10 Per Week Equating To £6,240 Per Annum. 3 Car Parking Spaces Are Let At £15 Per Week Equating To £2,340 Per Annum. 5 Further Car Parking Spaces - Vacant. Current Total Income From Part: £28,180 Per Annum. Planning It Is Considered That It May Be Possible To Develop The Car Park, Storage Building And/or The Vacant Upper Floors To Create Residential Accommodation Subject To Planning Permission And All Other Necessary Consents. We Are Advised That The First Floor Space That Was Previously Part Of The Lease To Mondy's Was Historically Residential Accommodation. We Are Of The Understanding That No Planning Applications Have Been Made For Either Residential Redevelopment Of Upper Floors Or Additional Development Within The Grounds. For All Planning Enquiries Please Contact Braintree District Council Planning Department On 01376 557705 Or Seek Independent Advice. Services 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 Interested Parties Are Advised To Rely On Their Own Investigations And Contact The Local Authority For Further Information. Energy Performance Certificate [epc] 63, 63a And 63 Newland Street - C Band. Local Authority Braintree District Council T. 01376 552525 Sale Process The Freehold Interest Is Offered For Sale Subject To The Existing Leases Via Dedman Gray Auctions On Thursday 12th June At 12pm. Guide Price Is £430,000 Plus Fees. For Further Information And Access To The Legal Documents, Please Refer To Dedman Gray Auctions At The Following Link: Https://auctioneertemplates.eigroup.co.uk/auctioneers/ded/lot-details.html?lid=289840&clientid=33&lad=newland-street-cm8-1aa