Unit 9 Easter Park, Axial Way, Colchester, CO4 5WY

£200,000 per annum exclusive

Overview

Industrial
Property Type

15680 - 15680
sq ft

Description

Location

Description

Available now - an impressive detached warehouse premises located adjacent to the A12, close to Land Rover, VW/Skoda and Toyota.

The unit is constructed to a high standard with a steel portal frame under a pitched and insulated roof which incorporates translucent roof lights. The unit benefits from two electrically operated full height loading door (approx. 5.3m wide by 5.3m high), aluminium double glazed windows, three phase power, mains gas supply, approx. 7m eaves height.

There is a reception / lobby area, WC facilities, an accessible WC with a shower, cleaners cupboard, and an open plan first floor office with carpeting, suspended ceiling and LED lighting.

To the front of the unit is a large concrete forecourt for loading/unloading along with 17 car parking bays.

ACCOMMODATION
[Approximate Gross External Floor Area]
Ground Floor 14,200 sq ft [1,319.2 sq m] approx.
First Floor 1,480 sq ft [137.5 sq m] approx.
Total (GEA) 15,680sq ft [1,456.7 sq m] approx.

LEASE TERMS
The Unit is available on a new full repairing and insuring lease at a rent of £200,000 pax.

BUSINESS RATES
We have been informed that the rateable value, as of 1st April 2023, is £145,000.
We estimate that the rates payable are therefore likely to be in the region of £79,175 per annum.

Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.

SERVICE CHARGE
A service charge is levied for the upkeep and maintenance of the common areas.
Approx. cost for the current year £9,433.36 plus VAT.

BUILDINGS INSURANCE
The 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 £1,322.19 plus VAT.

ENERGY PERFORMANCE CERTIFICATE (EPC)
We have been advised that the premises fall within class C (58) of the energy performance assessment scale.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in this transaction.

VAT
VAT will be applicable on the rent and service. All figures quoted are exclusive of VAT, which is applicable on all IPIF Estates.

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

VIEWING:
VIEWINGS STRICTLY BY APPOINTMENT VIA JOINT LETTING AGENTS
Fenn Wright
01206 85 45 45
colchestercommercial@fennwright.co.uk

and

Coke Gearing

Location

Easter Park is strategically located directly between junction 28 of the A12 and 29 of the A12 (the A120 interchange). This provides the estate with excellent road links to the east coast ports of Harwich & Felixstowe, Stansted airport and the national motorway network.
Colchester City Centre and mainline railway station (London Liverpool Street approx. 50 minutes) are only 2.5 miles distant.
Easter Park is within walking distance of the new Northern Gateway Leisure Park with its wide range of amenities including; David Lloyd Fitness centre, Hollywood Bowl, Cineworld, Starbucks, Greggs, plus a wide selection of restaurants and drive-thrus and Fastned vehicle charging station.