NEW LEASE AVAILABLE

The available property comprises ground floor and basement accommodation with the following net approximate areas.  Car parking is available to the rear of the premises. Tenure Leasehold. Terms The premises are available by way of new effective full repairing and insuring lease for a term of 20 years subject to 5 yearly upwards only rent reviews at a rent of £50,000 per annum. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £32,500.00 and the rates payable are £15,145.00 pa. The UBR for 2017/2018 is 46.60p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The subject property occupies a prominent position on Newland Street in Witham town centre, Essex. The High Street is flanked by the town's two shopping centres: Newland Shopping Centre and The Grove Centre. Witham Railway Station is situated approximately half a mile from the property.

Sizes and Measurements

Total Size

3,952sqft

Sales Area

3,952sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,155sqft

Status

Under offer

Available from

Now

Basement

Details

Retail

Size

1,797sqft

Status

Under offer

Available from

Immediately

Lease Information & Charges

Available from

Immediately

Rent Review Cycle

5

Lease type

New

For rent

£50,000/pa

UBR

46.6p

Ratable Value

£32,500.00

Business Rates

£15,145/pa

Specification

  • PROMINENT HIGH STREET LOCATION
  • A3 POTENTIAL - STP

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Map DataMap data ©2017 Google
Map data ©2017 Google
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