Summary - PUMP HOUSE LOCKRAM LANE WITHAM CM8 2BJ
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold commercial property with established premises license for operating hours
- Located on Lockram Lane in the vibrant town centre of Witham
- Historical charm with potential for a bar or retail establishment
- Excellent transport links (0.6 miles to Witham Rail Station)
- 748 square feet of functional space across three stories
**Concerns:**
- Property in poor condition, requires significant renovation
- High crime rate in the area may affect business viability
- Only cash purchasers considered for this opportunity
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This commercial property, located at Lockram Lane in Witham, Essex, presents a unique investment opportunity for buyers looking to enter the bustling bar or retail market. Spanning across 748 square feet, this three-story establishment boasts a traditional design with dark wood façades, creating a nostalgic urban vibe that could charm future patrons. With a premises license allowing late-night operations, this space offers fantastic potential for generating revenue.
However, prospective buyers should be aware that the property is in need of substantial renovation and is sold on an "as seen" basis. Additionally, while the location enjoys fast broadband and excellent mobile signal, the area has a high crime rate, which may influence both operations and insurance costs. With the property strategically positioned just a short walk from local shops, restaurants, and Witham Rail Station, it holds investment potential, especially for those willing to revitalize it. Act quickly—properties of this nature in the heart of Witham won’t last long!
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