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Marketed by
Penhaligon Court Newlands Street Town Centre, Witham, CM8 2AP
Use Class
E(a)
Size
4,595 sq ft
Rent pa
£105,000
Market Sector
Shopping Centre
Landlord
NewRiver
Description
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 40 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 and Guithavon Street.
Location
The subject premises occupy a prominent location within the centre with direct access to a 200 space surface car park. Retailers within the scheme include Peacocks, New Look, Halifax, Greggs, Boots, Roman and Card Factory.
Key Information
Viewing
Staff are unaware. Strictly by appointment.
Accommodation
4,595 Sq.Ft
Prominent Ground Floor Retail Unit.
Additional Contacts
Asset Managers
Financial
Lease Type
New Lease
Lease Term
Subject to obtaining full vacant possession the unit is available on a new 10 year leave subject to a 5th year upward only rent review.
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 £10,019 per annum plus insurance of £189 per annum plus VAT.
Tenure
Leasehold
Rates
This Property is Part of a Shopping Centre
Newlands Shopping Centre
Newlands Shopping Centre in Essex boasts well-known retailers, excellent independents and a modern gym. The Centre in Witham is located 50 miles North East of London with excellent transport links including a 40 minute train service to London Liverpool Street.
Disclaimer
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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