Oakland Court, 18 - 26 Market Square, South Woodham Ferrers CM3 5XA

Property Details: • Type: Mixed Use • Tenure: N/A • Floor Area: N/A

Key Features: • Gross yield at guide price of 15.8% • Modern Retail & Office Development • Fully let, long -term Investment Income • Majority let to 1 tenant • Town centre shopping district • Asset management opportunities

Location: • Nearest Station: South Woodham Ferrers Station • Distance to Station: 0.7 miles

Agent Information: • Address: Baltimore House, Juniper Drive, London, SW18 1TS

Full Description: 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

Yield based on auction guide price of £750,000 (excl. purchase costs) 15.8%

Contact auctioneer for tenancy schedule and further details.