No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Showroom

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Showroom
0 bed
0 bath
17,973 sq ft / 1,670 sq m

Property description & features

  • Highly Prominent Business Premises Suitable For Various Uses (STP)
  • Available Due to Relocation
  • Currently A Dual Franchised Car Dealership Facility
  • Potential For Various Uses (STP)
  • Site Area of Approx. 1.3 Acres (0.54 Hectares)
  • Located Adjacent to BMW & MINI Dealerships
  • Immediate Access to A12 / A120 Link Roads
The premises are comprised of a two storey steel framed building, with over clad brick elevations and extensive glazing to the dual franchised showroom areas. Due to the site levels, the showrooms are at upper ground floor level, with the workshops at lower ground floor level. The showroom accommodation is located to the front of the premises, with workshop, part stores, administrative offices and valeting services to the rear. The showroom has capacity for 13-15 vehicles, with the workshop (two large loading doors) accommodating ten vehicle bays, and an MOT bay.

Externally, the site is laid principally to hard standing and provides for vehicle display, parking and storage for in excess of approx. 150 vehicles.

Accommodation
(Approximate gross internal measurements)
Showrooms & Ancillary Offices & Facilities 10,100 sq ft (938.3 sq m)
Workshop & Ancillary Facilities 7,873 sq ft (731.4 sq m)
Total 17,973 sq ft (1,669.7 sq m)

Terms
The premises are available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £200,000 per annum.

Consideration is to be given to a freehold sale. Offers are invited in excess of £3,250,000.

We are advised that VAT is applicable.

Service Charge
We are advised that there is no service charge applicable.

Buildings Insurance
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant.

Business Rates
We have been informed that the rateable value is £205,000. We therefore estimate that the rates payable are likely to be in the region of £102,500 per annum.

Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.

Energy Performance Certificate (EPC)
A full copy of the EPC assessment and recommendation report will shortly be available from our office upon request.

VAT
All rents and prices are exclusive of VAT under the Finance Act 1989. Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.

Legal Costs
Each party will bear their own legal costs.

Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.

Viewing
Strictly by appointment via agents Fenn Wright.

Property information from this agent

Places of interest

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    Commercial Agency, Estate Agents and Letting Agents Our Colchester Business Park office is home to our North Essex Commercial agency team who specialise in the sale, letting and acquisition of commercial premises. The office is headed up by Michael Moody, who joined Fenn Wright alongside Jeremy Newman in 2017, following the acquisition of Newman Commercial. The focus of this office is on the sale and letting of industrial, office and retail spaces across North Essex and the provision of expert advice to support requests for formal valuations, rent reviews, strategic asset management and development decisions. Together with our commercial property valuation team, who operate out of our nearby Stanway office, Fenn Wright offer unrivalled knowledge and exposure to the commercial property market within Colchester and the surrounding area.

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    *DISCLAIMER

    Property reference 14869578LH. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Fenn Wright - Colchester Commercial Sales & Lettings.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.