Industrial unit to rent

The premises are detached and of steel portal frame construction under a pitched and insulated roof, incorporating transparent roof lights, with part brick and part clad elevations. The warehouse is accessed via two large loading doors (approx. 4m wide by 5m high) and features an eaves height of c. 5.2m and a apex height of c.7.2m and a three phase power supply.

There are ground and first floor offices to the front elevation with ample windows providing natural daylight. The office specification is to include; carpets and suspended ceilings with LED lighting and recessed heating/cooling units. Kitchenette, WC, and shower facilities are also provided.

There is a self contained concrete forecourt to the front of the premises, approx. 15m in depth, providing ample loading / unloading and car parking facilities. There is additional car parking provided to the rear of the property which is accessed via Smeaton Close. In total there are in excess of thirty marked car parking spaces.

Note: The premises are undergoing refurbishment with works due to be completed Q1 2024.

Accommodation
(Approximate gross internal measurements)

Ground Floor Approx. 13,023 sq ft (1,209.9 sq m)
First Floor Approx. 2,019 sq ft (187.6 sq m)
Total Approx. 15,042 sq ft (1,397.5 sq m)

Terms
The premises are available To Let on a new full repairing and insuring lease, with lease length and terms to be agreed, at a rent of £165,000 per annum, plus VAT.

Business Rates
We have been advised that the current rateable value of the premises is £119,000. We therefore estimate that the rates payable are likely to be in the region of £60,900 per annum. Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.

Service Charge / Buildings Insurance
A service charge is applicable to cover; maintenance of the estate communal areas, landscaping, lighting and car parking areas. The approx. cost for the current year is £10,528.

The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. The approx. cost for the current year is £2,481.
Energy Performance Certificate (EPC)
A full copy of the EPC assessment and recommendation report will soon be available, upon completion of the refurbishment, from our office upon request.

Planning
We are advised that the premises have historically been used for industrial, storage, and distribution purposes falling under use classes B2, B8 and E of the use classes order 2020. Interested parties are advised to make their own enquiries with Colchester Borough Council.

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.

Viewings Strictly By Appointment Via Sole Letting Agents:
Fenn Wright
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