Industrial unit

LOCATION
The property is prominently located on the corner of Telford Way and Stephenson Road on the very well established and popular Severalls Industrial Park. Situated adjacent to the A12/A120 interchange providing easy access to Stansted Airport, the East Coast ports of Harwich and Felixstowe, and the national motorway network.

Nearby occupiers include; Edmundson Electrical, Eurocell, BSS, Crown Paints, Screwfix, Toolstation, AllTrade, Speedy Fixings, and Motorparts Direct.

DESCRIPTION
The building is of steel portal frame with brick and insulated steel clad elevations under a pitched and insulated roof.

A welcoming reception are provides access to a mix of ground floor office, workshop and warehouse space along with first floor office areas. WC and tea point facilities are also provided. An electrically operated loading door (3m wide x 3.5m high) on the side elevation provides access to the warehouse areas.

The building benefits from LED lighting, three phase power, mains gas, and mains water supplies.

Externally there is a fenced forecourt area providing parking for c.18 cars along with loading and unloading areas.

ACCOMMODATION
[Approximate Gross Internal Floor Areas]

» Ground Floor 7,789 sq ft [723.6 sq m] approx.

» First Floor Offices 2,855 sq ft [265.3 sq m] approx.

» Total 10,644 sq ft [988.9 sq m] approx.

TERMS
The premises are available to let by way of an assignment of the existing ten year FRI lease (no break option or review outstanding) which is to expire November 2028, at a passing rent of £76,374 pax. Or on a new sub-lease, with terms to be agreed.

OUTGOINGS
We are advised that the premises are assessed for business rates purposes in conjunction with three adjacent properties and are yet to be individually assessed.

Interested parties are advised to make their own enquiries.

VAT
We are advised that VAT will be applicable on the rent. All rents and prices are exclusive of VAT under the Finance act 1989.

LEGAL COSTS
Each party is to be responsible for their own legal costs.

SERVICE CHARGE
We are advised that no service charge is applicable.

OTHER
BUILDING INSURANCE

The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. For the current year the approximate cost is £TBC plus VAT.

ENERGY PERFORMANCE CERTIFICATE

We have been advised that the premises fall within class D (78) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request.

ANTI-MONEY LAUNDERING REGULATIONS

Anti-Money Laundering Regulations require Nicholas Percival to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.

VIEWING
Strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.