Central Buildings is a freehold building set at the heart of Witham town centre on the main shopping street which features shops, bars, restaurants and supermarkets. Situated on the corner of Newland Street (B1389) and Maldon Road (B1018), Central Buildings is well placed to be highly visible to passing trade. There are regular bus routes from Newland Street and Maldon Road and Witham Railway Station offers a direct service to London (Liverpool Street) as well as good vehicular access to the A12 to Chelmsford and Colchester.
Arranged over three levels, the building is currently occupied with tenants in both shops and both offices above. We understand from our Joint Auctioneers that there is also a basement level. The property may offer future potential for alternative uses, subject to all consents being obtainable.
39 Newland Street Ground Floor Shop unit with cloakroom/W.C.
Tenure Let under the terms of a commercial lease for which the current tenant is holding over from an initial period of 6 years from 25th December 2010 at a current rental of 6,500 per annum.
EPC Rating D (85). Floor area 26 sq.m.
41 Newland Street Ground Floor Shop unit that wraps around with secondary entrance on Maldon Road. Office, W.C. and storage area. Side entrance to first and second floor levels.
Tenure Let under the terms of a commercial lease for which the current tenant is holding over from a period of 12 years from 31st August 2011 at a current rental of 12,500 per annum.
EPC Rating E (110). Floor area 63 sq.m.
First Floor Landing, entrance lobby, main office area and three further rooms.
Tenure Let under the terms of a commercial lease for a period of 3 years from 1st August 2024 at a current rental of 8,750 per annum.
EPC Rating D (77). Floor area 129 sq.m.
Second Floor Landing, male and female cloakroom/W.C. and kitchenette area. Entrance into main office area with two further rooms.
Tenure Let under the terms of a commercial lease for a period of 3 years from 1st June 2022 at a current rental of 6,960 per annum.
EPC Rating E (109). Floor area 129 sq.m.
Viewing External only as all premises are currently trading.
Auctioneer's Note At the time of publication an internal inspection of the property has not been possible and the accommodations details have been provided by our Joint Auctioneers. Interested parties must rely on their own enquiries.
Local Planning Authority Braintree District Council. Tel: 01376 557779. Web: braintree.gov.uk.
Commercial EPC: D
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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