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Unit 29 Newlands Street Town Centre, Witham, CM8 2AP

£ 25,000 pa / 1,115 sq ft
Use Class

Use Class

E(a)

Size

Size

1,115 sq ft

Rent pa

Rent pa

£25,000

Witham is a town in the County of Essex, in the East Of England with a population of 25,353. The Centre of Witham is located 8 miles South West of Chelmsford and 13 mile North East of Colchester. It is also located 50 miles North East of London with excellent transport links including a 4o minute train service to London Liverpool Street.

The Newlands Shopping Centre is open air and situated on Newland Street at the junction of Collingwood Road.

The subject premises occupy a prominent location within the centre adjacent to Oxfam and Witham Cafe. Retailers within the scheme include Peacocks, New Look, Halifax, Greggs, Boots, Roman Originals and Card Factory.

Key Information

Viewing

Strictly by appointment. Staff are unaware.

Accommodation

1,115 Sq.Ft

Ground and first floor retail unit. Unit can be extended to suit a particular requirement further details on request.

Areas
Sq.Ft
Sq.M
Ground Floor Sales
725
67.35
First Floor Ancillary
390
36.23

Financial

Lease Type

New Lease

Lease Term

The property is available by way a new effectively full repairing and insuring lease for a term of 10 years subject to a upward only rent review at the anniversary of the fifth year of the term.

Rent

Rent is exclusive of rates, insurance and VAT (if applicable).

Rates

We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above. Interested parties are advised to make their own enquiries to the Local Authority.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service charge

The service charge for the year 2015/2016 is £1,853 per annum plus insurance of £163 per annum plus VAT.

Tenure

Leasehold

Rates

Rateable Year:
2016
Rateable Value:
£16,500.00
Rates payable:
£8,300.00
UBR:
50.3p/£

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 20/04/2023