Weavers Lane, Sudbury, CO10 1BB

£120,000 per annum exclusive

Overview

Industrial
Property Type

19500 - 19500
sq ft

Description

Location

The property comprises part of a former Silk Mill offering warehouse, office, and workshop space on a site of 1 acre (subject to survey).
With access from Weavers Lane the site includes a large yard and ample on site car parking.

LOCATION
The property is accessed off the A131, via Weavers Lane. The A131 links Sudbury to Bury St Edmunds (A14) to the north and Braintree (A120) to the south. The A120 in turn leads directly to the M11, M25 and A12 and Stansted Airport.
The Port of Felixstowe, one of the busiest container ports in Europe, is approximately 40 miles from the site. Central London can be accessed in approximately 75 minutes via Sudbury main line railway.

ACCOMMODATION
[Approximate Gross Internal Floor Areas]

Total: 19,500 sq ft [1,812 sq m] approx.

We understand that the total site area is approx. 1 Acre (0.40 ha), subject to survey.

TERMS
The premises are available either to let or for sale as a whole, with a guide price of £2,250,000 plus VAT. Alternatively, a new lease may be agreed at an annual rent of £120,000 plus VAT. If leased, sublettings (in part) may be permitted subject to usual commercial safeguards.

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

BUSINESS RATES
We have been informed that the rateable value, as of 1st April 2023, is £137,000.
Currently jointly assessed with the adjoining site. The individual assessment is therefore still pending, but based on the existing assessment rates payable are likely to be in the region of £35,000 - £40,000 pa.
Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class E (119) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.

VAT
The property is VAT elected, and all rents and prices will attract VAT at the prevailing rate.

LEGAL COSTS
Each party will bear their own legal costs.

ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants/ purchasers identity prior to the instruction of solicitors.

VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
Fenn Wright
T: 01206 854545
E: colchestercommercial@fennwright.co.uk