Units A-E Midland House, 26 North Station Road, Colchester, CO1 1SY

£9,600 per annum exclusive

Overview

Retail
Property Type

307 - 307
sq ft

Description

Location

Five new, open plan & self contained, retail units which benefit from large double glazed frontages, laminate flooring, feature exposed ceilings with LED lighting, electric wall mounted heating, and WC and kitchenette facilities.
Car parking is available on site to the rear of the building via a barriered car park. Spaces are available at an additional cost.

LOCATION
Midland House is prominently situated on North Station road, a busy mixed commercial/residential area, between the City Centre and Colchester main line railway station (Liverpool Street approx. 55 minutes) both of which are within easy walking distance. The City Centre provides all of the usual facilities and amenities including car parks, bus stops (one directly outside the units), shops, restaurants and bars.

ACCOMMODATION
[Approximate Net Internal Floor Areas]

Unit A: 424 sq ft [39.41 sq m] - LET
Unit B: 307 sq ft [28.54 sq m] - UNDER OFFER
Unit C: 295 sq ft [27.39 sq m] - LET
Unit D: 298 sq ft [27.68 sq m] - LET
Unit E: 299 sq ft [27.80 sq m] - LET

Note: Car parking is available on site, subject to availability, at £70 per space per month.

TERMS
The units are available to let on a new standard effective full repairing lease, with terms to be agreed (minimum lease term of three years), at the rents outlined above.
The rent is payable quarterly in advance and is NOT subject to VAT at the prevailing rate.

SERVICE CHARGE / BUIDLINGS INSURANCE
A service charge will be applicable to cover costs of external building repairs/maintenance and buildings insurance contribution. Approximate cost for the current year is £0.85 per sq ft, payable on account.

SERVICES
Each unit benefits from its own metered water and electricity supply. The tenant is to be responsible for this cost.

BUSINESS RATES

Tenants are responsible for their individual Business Rates. We have been informed that the rateable values are:

Unit B £6,400

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises have been individually accessed and fall within class B (37-48) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.

VAT
VAT will NOT be applicable on the rent and service charge.
All rents and prices are exclusive of VAT under the Finance act 1989.

PLANNING
The permitted use is Retail, professional services, or offices under Use Class E (a, c & g).

Note: Hot food takeaway use is not permitted. However, a café use would be considered subject to terms.

Interested parties are advised to make their own enquiries with the local planning authority.

LEGAL COSTS
Each party are to be responsible for their own legal costs.

Upon agreement of terms the ingoing tenant will lodge £1,000 with the landlord's - to be deducted from the deposit upon completion.
If the tenant withdraws for any reason, this payment will be forfeited as a contribution towards the landlord's abortive legal costs.

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