Bar and nightclub

LOCATION
Witham is a town located within the Braintree district of Essex, situated between Chelmsford and Colchester via the A12 trunk road, which provides excellent links to the M25, Stansted Airport and the A120.

The property is situated on Lockram Lane, a side street located off the busy Newland Road, in the town centre. Witham Rail station is located 0.6 miles to the north, located on the mainline to London Liverpool Street with average journey times of 45 minutes.

Witham town centre comprises a wide range of retail occupiers to include estate agencies, bars, restaurants, Tesco Superstore, boutique retail shops and cafes.

Newlands Drive public car park is located a short walk north of the property via Lockram Lane.

DESCRIPTION
The property comprises a three storey, end of terrace bar / drinking establishment, constructed rendered brick walling to ground floor, and weather boarded timber frame on first and second floors, under an assumed slate pitched tile roof. Part of the property comprises a flat roof to the rear.

The adjoining property is 40 Newlands Street, occupied by Bairstow Eves Estate Agents. The property benefits from a flying freehold over 40 Newlands Street, as shown on the land registry plan, available upon request.

Internally the property comprises a bar on the ground floor with tiled flooring, timber glazed windows and lighting. The first floor comprises open plan seating area, with timber flooring, timber single glazed windows with male and female WC facilities. A loft hatch provides access to the second floor.

The property is in poor order and is to be sold on an ‘as seen’ basis, STC.

ACCOMMODATION
Ground Floor Bar 24.32 Sq M (262 Sq. Ft.)
Ground Floor Store 4.40 Sq M (47 Sq. Ft.)
First Floor Seating Area 36.41 Sq M (392 Sq. Ft.)
First Floor Store 4.32 Sq M (47 Sq. Ft.)
Total 69.45 Sq M (748 Sq. Ft.)

The property benefits from a second floor / loft space, accessed via a loft hatch, however we have not included this area within our accommodation schedule

TERMS
A Guide Price of £70,000 (Seventy thousand pounds), STC for the Freehold interest, to be sold with vacant possession.

Cash purchasers only.

Title No - EX512447

OUTGOINGS
The property is within Braintree District Council for rating purposes and is described and assessed in the current Rating List 2023 as follows:

Shop and Premises - £7,100

Occupiers may benefit from full business rate relief as the Ratable Value is less than £12,000

VAT
The VAT status of the property is to be confirmed.

LEGAL COSTS
Each party is to be responsible for their own legal fees in relation to any transaction.

PLANNING
We understand a premises licence has been granted at the property for the following hours, 17/00659/LAPREM/LA refers.

Sunday: 11am – 12am
Friday & Saturday: 11am – 3am
Monday – Thursday: 11am – 12am

OTHER
ANTI MONEY LAUNDERING

Please note, Nicholas Percival Ltd are required to formally verify the identity of prospective purchasers prior to instructing solicitors.

VIEWING
Strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors. FAO Billy Coe MRICS or Ollie Percival.