Properties

57 Newland Street, Witham, Essex CM8 2BE.

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57 Newland Street AW LR

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Property Description

FREEHOLD CAFE BAR & RESTAURANT INVESTMENT
with Self Contained Residential Upper Parts

 

Impressive Grade II* Georgian Building
GROUND FLOOR & BASEMENT LET TO LOUNGERS LTD
to April 2017 Turnover £91,752,588 Pre Tax Profit £3,186,658

15 year lease from 1st May 2018 at initial rent of £52,000 pax. subject to 5 yearly reviews.
Rent Commencement 1st November 2019.
Upper Parts as 4 self contained flats producing £27,420 per annum

We are seeking offers in the region of £1,500,000
which shows an initial yield of 5.08%.

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