No longer on the market
This property is no longer on the market
MapProperty
Auction
Property
12286
Features and description
- Gross yield at guide price of 15.8%
- Majority let to 1 tenant
- Modern Retail & Office Development
- Town centre shopping district
- Fully let, long - term Investment Income
- Asset management opportunities
Barney Estates and Auctioneers are delighted to bring to the market this purpose built 3 storey modern development in the heart of South Woodham Ferrers commercial town centre. Built circa 1991 of steel frame construction, this attractive site offers versatile accommodation and long-term income.
The main tenant is a subsidiary of Mitsui & Co (EUROPE) Ltd with a reported profit after tax of £8,538,000 in their March 2023 accounts. Overall accommodation amounts to 12,286 sq ft and produces a GROSS INCOME of £148,665 plus vat.
The building is held on a long lease from SW Investments Limited (Formerly owned by the local borough) at a ground rent of £29,750 (Last review 2021)
Net income £118,915
Contact auctioneer for tenancy schedule and further details.
The main tenant is a subsidiary of Mitsui & Co (EUROPE) Ltd with a reported profit after tax of £8,538,000 in their March 2023 accounts. Overall accommodation amounts to 12,286 sq ft and produces a GROSS INCOME of £148,665 plus vat.
The building is held on a long lease from SW Investments Limited (Formerly owned by the local borough) at a ground rent of £29,750 (Last review 2021)
Net income £118,915
Contact auctioneer for tenancy schedule and further details.
About this agent
Barney Estates & Auctioneers - Battersea
16 Baltimore House Juniper Drive
London
SW18 1TS
020 8022 1787We operate a property consultancy, auction and asset management business carrying professional indemnity insurance. We act on behalf of clients transacting land and property sales on auction terms with various partners and hold a separate audited client deposit account and we are members of the PRS.