B23 Moorside Business Park, Moorside, Colchester, CO1 2ZF

£16,000 per annum exclusive

Overview

Industrial
Property Type

1638 - 1638
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 (approx. 2.9m wide x 3.2m high) alongside a separate personnel entrance.
Internally, the ground floor consists of a storage/workshop area, with WC & kitchenette facilities, and LED lighting. A staircase leads to an open plan mezzanine level.
Beneath the mezzanine there is a ceiling height of approx. 2.6m, whilst the open plan warehouse area benefits from minimum eaves height of approx. 4.2m and apex approx. 6m. The unit is serviced by three-phase power and mains water.
Externally, the unit is accessed via a shared loading / unloading area under a canopy. The unit has two allocated car parking spaces 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: 996 sq ft [92.5 sq m] approx.
First Floor: 642 sq ft [59.6 sq m] approx.
Total: 1,638 sq ft [152.1 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 £16,000 per annum plus VAT. Rent is payable quarterly in advance.
Alternatively, a twelve-month tenancy agreement is available at a rent of £1,600 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 £1,650 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 £10,750. For ratable values below £12,000, 100% small business rates relief may be available, subject to eligibility.
Interested parties are advised to make their own enquiries direct with the local rating authority to confirm their liabilities in this regard.

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 £237.58 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 are advised that the premises have been assessed and fall within class B (26) of the energy performance assessment scale. A full copy of the EPC assessment is available from our office upon request.

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

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
Contact:
T: 01206 854545
E: colchestercommercial@fennwright.co.uk