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No longer on the market

This property is no longer on the market

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Industrial unit

Let agreed
Industrial unit
6325
Added > 14 days

Features and description

  • Light Industrial / Warehouse Unit With Fenced And Gated Yard
  • Reception / Office, WCs & Shower Facilities
  • Large Mezzanine Floor
  • Approx. 6.9m Pitch & 4.5m Eaves
  • Good On Site Car Parking / Loading Space
  • Easy A12/A120 Access Via Ipswich Road
The unit benefits from a personnel door providing access to a reception / office area and W/C / shower facilities.
The warehouse area is accessed via a large loading door (approx. 5.9m wide x 5.1m high) and benefits from an eaves height of approx. 4.5m and pitch height of 6.9m. Translucent roof lights provide natural light along with other light fittings.
A mezzanine floor provides additional storage space.
Externally there are seven on site car parking spaces along with a fenced, gated and concreted yard area behind.

LOCATION
Global Park is an established commercial estate which benefits from good communications to the City Centre and inner ring road system which leads to the A12/A120. Close by is the main line railway station (London Liverpool Street approx. 55 mins) and the Colchester Town Station.

ACCOMMODATION
[Approximate Gross Internal Floor Areas]

Warehouse: 4,551 sq ft [422.8 sq m] approx.
Office & Facilities: 887 sq ft [82.4 sq m] approx.
Mezzanine Floor: 887 sq ft [82.4 sq m] approx.
Total: 6,325 sq ft [587.6 sq m] approx.

TERMS
The unit is available To Let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £62,000 per annum (plus VAT), payable quarterly in advance.
We are advised that VAT is applicable at the prevailing rate.

SERVICE CHARGE
We are advised that a service charge is applicable to cover the repair and maintenance of the external communal areas.
For the current year the approx. cost is £0.59 per sq ft (plus VAT).

BUILDINGS INSURANCE
The landlord will arrange the buildings insurance and will recover this from the tenants. The approx. costs for the current year to be confirmed.

BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £32,250. Therefore estimated rates payable of approximately £16,095 for the current year. Interested parties are advised to make their own enquiries.

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class E (124) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request.

VAT
VAT will be applicable on the rent and service charge. All rents and prices are exclusive of VAT under the Finance Act 1989.

LEGAL COSTS
Prior to the instruction of solicitors the tenant will be required to pay a non-refundable administration fee of £750.00 plus VAT. Each party will otherwise bear their own legal costs involved with this transaction.

VIEWINGS STRICTLY BY APPOINTMENT VIA LETTING AGENTS:
Fenn Wright
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About this agent

Fenn Wright - Colchester Commercial Sales & Lettings
Fenn Wright - Colchester Commercial Sales & Lettings
882 Colchester Business Park, The Crescent Colchester Business Park, Colchester CO4 9YQ
01206 988207
Full profileProperty listings
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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