Land for sale

Location;

The site is situated on Tog Lane, in a semi rural location, approximately 6 miles north of Colchester Town Centre with access to the main inner road system and A12 via the A134.

Description/ Accommodation;

The Bungalow - A detached three / four bedroom chalet style property is located at the front of the site positioned on a large self contained plot. The accommodation comprises of a reception hall leading to; a shower room, kitchen, lounge/dining room and sitting room/bedroom four. On the first floor there are three further bedrooms and a bathroom. There are fenced gardens to the front and rear along with a parking area to the front.

Oakford Place - A fenced and gated site of approx. 1.05 acres (0425 ha) with a mix of light industrial / office units totalling approx. 3,700 sq ft (343.7 sq m) with part concrete and part type 1 surface coverings.

We are advised that there is mains water and electricity connected to the site. Sewage is to a septic tank.

The properties are held on the following titles;

The Bungalow - EX625700

Oakford Place - EX353436

(Approximate gross internal measurements)

Sq. Ft m Status

Unit 1 876 81.4 Vacant

Unit 2 873 81.1 Vacant

Unit 3 879 81.7 Let*

Unit 4 537 49.9 Vacant

Unit 5 537 49.9 Let*

*The units have been let on an initial one year term with a rolling break thereafter by either party subject to a minimum of three months notice. The current rental income is £12,510 per annum, and when fully let would be circa £28,000 per annum. Further information is available upon request.

Terms;

The premises are to be sold as a whole on a freehold basis, at offers in excess of £1,100,000. VAT is applicable on the commercial element.

Business Rates/ Council Tax;

We have been informed that the rateable values are; Unit 1 £5,700, Unit 2 £4,650, Unit 3 £5,000, Unit 4 £3,000 and Unit 5 £3,400.

For rateable values below £12,000, 100% rate relief may be available, subject to eligibility. We recommend all parties make their own direct enquiries with the local rating authority.

The Bungalow - Council Tax Band E.

Planning;

We are advised that the commercial site benefits from B1 planning consent granted under decision notices; 100002 & 100631.

Interested parties are advised to make their own enquiries direct with Colchester Borough Council.

Title EX353436 features a restriction on use for builders and electrical contractors yard with ancillary office, stores and workshop.

Energy Performance Certificate (EPC);

A full copy of the EPC assessments and recommendation reports will shortly be 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 is applicable on the commercial element.

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 involved within the sale.

Viewing;

Strictly by appointment via sole agents:

Fenn Wright - Michael Moody

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Marketed by: Fenn Wright, Colchester Commercial Sales & Lettings