Units 1a, 1b and 2 Eastways, Witham, Essex, CM8 3YQ
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£7,218,000
Aug 2024
Atlas Real Estate has recently advised IM Properties on the sale of a distribution warehouse investment in Witham, Essex.
The property comprises 3 distribution warehouses totalling 45,263 sq.ft on a self-contained site and all let to OMG How Cheap Limited at a total passing rent of £373,420 per annum until 16th December 2031 with an upwards only, open market rent review on 17th December 2026.
The property was sold for £7,218,000 in August 2024 which reflects a capital value per square foot of £159.
Andrew Franck- Steier was delighted to work with IM Properties and Pinsent Masons on the sale side and the purchaser Cabot Properties was represented by Sam Whitaker of TT&G Partners and Gowling WLG (UK).
