T: 01245 266088
UNDER OFFER
Full Details

Colchester Road, Witham

OIRO £1,100,000 Freehold Under Offer

A Freehold Commercial Investment located in a prominent roadside location close to the A12 in Witham
Colchester Road, Witham
Colchester Road, Witham
Colchester Road, Witham
  • FREEHOLD COMMERCIAL INVESTMENT
  • 7 UNITS CURRENTLY PRODUCING £78,OOOPA
  • INCOME INCREASING TO £105,500 WHEN FULLY LET
  • PROMINENT ROADSIDE LOCATION
  • SOPE FOR IMPROVEMENT/DEVELOPMENT
Full Description
Plot size: 1.14 acres



LOCATION

Witham is located approximately nine miles north-east of Chelmsford and twelve miles south-west of Colchester.

Colemans Bridge is prominently situated just off the A12 slip road as you enter Witham from the north.

The estate forms part of a major industrial area on the northern outskirts of Witham.

DESCRIPTION

The industrial estate comprises seven trade counter/light industrial warehouse units with one terrace of five units and two detached units. The units are all of a similar size being approximately 2,350 sq ft each.

The units are constructed in brickwork with pitched roofs covered in corrugated asbestos sheeting. Each unit is accessed via an up and over loading door with a personnel door, office and male and female toilets. The units have been variously altered and improved by the tenants.

We believe that there is scope to improve the communal areas and appearance of the buildings and possibly further develop the estate. A detailed tenancy schedule is available upon request.

TERMS

Offers in the region of £1.1 million for the freehold interest (plus VAT if applicable).

VIEWING

Strictly by appointment with joint agents

Adam Elwell, Elwell Taylor (01245) 266088
or
Stephen Hiner, Kemsley LLP (01245) 342043

Viewing
Please contact our Chelmsford Office on 01245 266088 if you wish to arrange a viewing appointment for this property or require further information.

Disclaimer
Elwell Taylor endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.