Port Plaza, Port Lane, Colchester, Essex, CO1

Property Details: • Type: 15,280 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Detached Industrial / Business Premises On A Substantial Fenced & Gated Site • Available Flexible Lease Terms or To Purchase • Approx. 1.3 Acre Self Contained Site • Warehouse / Storage Areas With Loading Doors • Offices & W/C Facilities • Ample On Site Car Parking Spaces • Easy City Centre Access & Close To A12/A120

Location: • Nearest Station: Hythe Station • Distance to Station: 0.4 miles

Agent Information: • Address: 882 Colchester Business Park The Crescent, Colchester Business Park, Colchester, CO4 9YQ

Full Description: *Rent Reduced* A substantial self contained, fenced & gated (two access points), site totalling approx. 1.3 acres with a concrete / tarmacadum surface providing excellent on site car parking and loading / unloading areas. The premises consist of a detached building of steel frame construction with brick elevations and an insulated roof incorporating transparent roof lights (new roof installed 2016). The premises also feature aluminum double glazed windows (installed 2016). The warehouse has an eaves height of approx. 3.3m and a pitch height of approx. 6.4m. There are two electrically operated loading doors providing access to the warehouse. A large office / workshop area is provided with a suspended ceiling (height approx. 2.7m). The site benefits from a mains gas supply, three phase electricity supply and mains water supply.Accommodation(Approximate gross internal measurements)Warehouse Approx. 9,950 sq ft (924.4 sq m)Workshop / Offices & Facilities Approx. 5,330 sq ft (495.2 sq m)Total Approx. 15,280 sq ft (1,419.6 sq m)TermsThe premises are available To Let on a new lease, flexible terms to be agreed, at a rent of £105,000 per annum plus VAT.Alternatively consideration will be given to a freehold sale, price available upon application.Available September 2024 or possibly sooner by agreement.Buildings InsuranceThe buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. The approx. cost for the current year is £5,000.Business RatesWe have been informed that the rateable value is £58,000. We estimate that the rates payable are likely to be in the region of £29,700 per annum. 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 C (75) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.PlanningWe are advised that the premises have been used for light industrial purposes for the past twenty plus years with no restrictions on noise or working hours. Interested parties are advised to make their own enquiries direct with the local planning authority.VATWe are advised that VAT is applicable on the rent.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 CostsEach party will bear their own legal costs.Anti-Money Laundering Regulations Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors. ViewingStrictly by appointment via sole agents: Fenn Wright