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4 Freebournes Road, WITHAM, Essex, CM8 3UN

For Sale - £4,000,000 Offers in the Region of

UNDER OFFER
  • Single let industrial investment situated on a well established commercial location adjacent to the A12 trunk road
  • New 125 year head lease interest
  • Let to Crittall Windows Ltd on a 15 year lease from March 2007, subject to 5 yearly rent reviews
  • Gross Annual rent £450,000 per annum exclusive
  • Gross internal floor area approximately 8,306.82 sq m (89,414.61 sq ft) situated on a site area of 3.35 acres (1.36 hectares)
  • Offers in excess of £4m (Four Million Pounds) are invited subject to Contract and exclusive of VAT for the benefit of the ground leasehold interest. A sale at this level would reflect a net initial yield of 9.75% after a purchaser costs and  an approximate capital value of £44.73 per sq ft.

Location

Witham, with a resident population of circa 30,000 people, is a prosperous town lying in the heart of Essex. The town is situated immediately adjacent to the A12 trunk road, broadly midway between Chelmsford, the County town and Colchester. Witham provides main line rail links to London Liverpool Street with a fastest journey time of 40 minutes and easy access to the M25 (J 28), Stansted Airport via the A130 / A120, the East coast port of Harwich and to the Midlands, via the A14 at Ipswich.

Description

The subject property is situated in a prominent position at the junction of Newland Street and Freebournes Road, close to the A12 trunk road and within one of the town's main industrial areas which contains a range of national and regional occupiers.

Contact Details

Photo ofEwan Dodds

Ewan Dodds

BSc FRICS

Chief Executive Officer

01206 577667

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