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43-45 Newland St 6,709 SF 73% Leased Retail Building Witham CM8 2BD $792,763 ($118.16/SF) 8.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Currently partly let
- Prominent position
- Two parking spaces
EXECUTIVE SUMMARY
The subject property lies directly opposite the Newland Shopping Centre and close to the junction with Collingwood Road. The property comprises a two storey building beneath a pitched, tiled roof with dormer windows to part and a flat roof. Asking Price - £650,000 (Six Hundred and Fifty Thousand pounds) reflecting a Net Initial Yield of 8.65% assuming the vacant shop is let at £25,000 per annum exclusive and allowing for purchasers costs.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
6,709 SF
Building Class
B
Year Built
1955
Price
$792,763
Price Per SF
$118.16
Cap Rate
8.65%
NOI
$68,574
Percent Leased
73%
Tenancy
Multiple
Building Height
2 Stories
Parking
2 Spaces (0.3 Spaces per 1,000 SF Leased)
Frontage
55’ on Newland Street
AMENITIES
- Storage Space
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
The property lies directly opposite the Newland Shopping Centre and close to the junction with Collingwood Road and comprises a two storey building beneath a pitched, tiled roof with dormer windows to part and a flat roof.
| Space | Size | Space Use | Position | Available |
| 43 | 1,222 SF | Retail | In-Line | Now |
43
| Size |
| 1,222 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
43
| Size | 1,222 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
The property lies directly opposite the Newland Shopping Centre and close to the junction with Collingwood Road and comprises a two storey building beneath a pitched, tiled roof with dormer windows to part and a flat roof.
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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43-45 Newland St
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