An End of Terrace Retail Unit Subject to a Lease Producing £15,000 Per Annum (Reflecting a Gross Initial Yield of 11.1%)
27A Bridge Street, Witham, Essex, CM8 1BU
An end of terrace retail unit arranged over ground and first floors, currently let on a 5-year FRI lease at £15,000 per annum (11.1% gross initial yield). The property comprises approximately 76 sq m of accommodation and benefits from freehold tenure.
Accommodation
- Retail Area
- WC
- Room 1
- Room 2
- Kitchenette
Full description
An end of terrace retail unit arranged over ground and first floors, with a total gross internal area of approximately 76 sq m (818 sq ft). The ground floor comprises a retail area and WC. The first floor contains two rooms and a kitchenette. The property is situated on a mixed use road close to local shops and amenities. The open spaces of Witham Town Park are within easy reach. Transport links are provided by Witham rail station. The property is held freehold and is subject to an FRI lease for a term of 5 years commencing 19th February 2026 at a rent of £15,000 per annum, with rent review in 2029. This lease produces a gross initial yield of 11.1%.
Financial Tools
For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.
A Vacant Three Bedroom Mid Terrace House
Essex, IG1
A Well Located First Floor Former Two Bedroom Flat Now Arranged as a Large Studio Flat Subject to a Protected Tenancy Producing £6,219.20 Per Annum
London, SW10
A Three Bedroom Mid Terrace House. Offered with Vacant Possession. Potential for a Loft Extension (Subject to Obtaining all Relevant Consents)
Avon, BA1