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Oakland Court,10-26 Market Square, South Woodham Ferrers, Chelmsford

Oakland Court,10-26 Market Square, South Woodham Ferrers, Chelmsford

Oakland Court, 10-26 Market Square, South Woodham Ferrers, Chelmsford, Essex, CM3 5XA
£1,000,000 Guide Price

Key Points

Property Features

  • Fully let, long - term Investment Income
  • Majority let to 1 tenant
  • Modern building in town centre development
  • Type: Commercial Property, Mixed Use, Retail Property - High Street
  • Availability: For Sale

Description

Property Summary

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.

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