Strategically Located Leasehold Industrial and Office Investment, Braintree, CM8

Francis House, Freebournes Road, Witham, Essex, CM8 3UN

An office building in Freebournes Road, Witham (CM8), leasehold. Allsop is selling it at auction on Wednesday 11 November, with a guide of £5,000,000+. The auctioneer's listing says it comes with a tenant in place. The stated rent is £495,000 a year, about 9.9% gross on the guide.

Written by Lotwick from the key facts. For the full particulars, see Allsop's lot page.

From the auctioneer's description:tenantedStated rent £495,000 a year · 9.9% gross on the guide

Guide price

£5M+

18days

13hrs

10mins

33secs

Wed 11 NovAdd to calendar

Bid on the auctioneer's site View the legal pack

Status verified with Allsop 1 hour ago

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Location

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Braintree, CM8. Indicative location. Sources

Estimated cost to winPrice, fees and Stamp duty (non-residential)£5,241,500See breakdown

Est. total£5,241,500

Price£5,000,000
Buyer's / admin fee£2,000
Stamp duty (non-residential) estimate£239,500
Legal pack and searches£0

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If you win at (£) You are Buyer's fee inc VAT (£) Legal pack (£)

Allsop's usual buyer's fees (Residential: £2,000 inc VAT (£300 under £10,000); commercial £1,500 + VAT). Check the lot's legal pack. Estimate only. How fees work