A3 Moorside Business Park, Moorside, Colchester, CO1 2ZF

£24,500 per annum exclusive

Overview

Industrial
Property Type

3000 - 3000
sq ft

Description

Location

The unit is of steel portal frame construction under a pitched and insulated roof incorporating translucent roof lights, with part brick and part insulated clad elevations.
Access is provided via an electric roller shutter door (approximately 2.9m wide by 3.2m high) and a separate personnel door. The premises benefits from an accessible W/C, kitchenette, three-phase power and water supply.
The unit has a minimum eaves height of approx. 4.4m and an apex height of approx. 6.6m. A mezzanine floor (min. eaves approx. 1.8m and apex approx. 3.8m) is accessed via two staircases . The under-mezzanine area has a ceiling height of approx. 2.5m.
There are three allocated car parking spaces outside the unit, plus shared visitor spaces on site.

LOCATION
The unit is situated within Moorside Business Park, Eastgates, a mixed commercial and leisure area benefitting 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).

ACCOMMODATION
[Approximate Gross Internal Floor Areas]

Ground Floor: 2,000 sq ft [185.80 sq m] approx.
Mezzanine: 1,000 sq ft [92.90 sq m] approx.
Total: 3,000 sq ft [278.71 sq m] approx.

TERMS
The premises are available to let on a new full repairing and insuring lease, lease length and terms to be agreed (minimum unbroken term of three years), at a rent of £24,500 per annum plus VAT. Rent is payable quarterly in advance.
Alternatively, a twelve-month tenancy agreement is available at a rent of £2,450 per month plus VAT, which includes buildings insurance and service charge.
A deposit of £1,500 plus a sum equivalent to VAT (total £1,800) will be required.

SERVICE CHARGE
A service charge is applicable to cover; maintenance of the estate communal areas, lighting, security, car park and landscaping. Approximate cost for the current year is £3,000 plus VAT, payable quarterly in advance.

BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £21,750.
Therefore estimated rates payable of approximately £10,860 for the current year. Interested parties are advised to make their own enquiries.

BUILDINGS INSURANCE
The landlord is responsible for arranging the buildings insurance with the cost to be recovered from the tenant. The approx. cost for the current year is £TBC plus VAT, payable annually in advance.
Tenant's are to be responsible for their own contents and other liability insurances.

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class D (95) of the energy performance assessment scale. A full copy of the EPC assessment is available 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 a prospective tenants 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