8 Commerce Way

8 Commerce Way, Colchester, Essex, CO2 8HR

Guide Price

POA

  • Status: FOR SALE SOLD UNDER OFFER
  • First Marketed: Aug 2022
  • Removed: Date Not Available
  • 0.69 acres

Residential Tags: N/A

Property Tags: N/A

Land Tags: N/A

Summary Details

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  • First Marketed: Aug 2022
  • Removed: Date Not Available
  • Residential Tags: N/A
  • Property Tags: N/A
  • Land Tags: N/A
The unit is primarily of steel portal frame construction with brick and profile steel clad elevations under a pitched roof with both ground and dock level loading doors providing access.

Internally the units have eaves heights ranging from approx. 3.8m up to 9.0m in the rear warehouse area.

To the front of the premises are ground and first floor offices with W/C and kitchenette facilities.

Parking is available on the forecourt to at the front. Gates provide access to a self contained yard area which is suitable for further parking or loading/unloading space.

The premises are currently undergoing light refurbishment. Further details of works being carried out can be provided upon request.

Accommodation
Approximate Gross Internal Area:

Warehouse & Offices 17,576 sq. ft (1,632.9 sq. m)
Mezzanine Floors 3,013 sq. ft (279.9 sq. m)
Total 20,589 sq. ft (1,912.8 sq. m)

We understand that the total site area is approx. 0.69 Acres (0.28 ha), subject to survey.

Terms
The premises are available to let on a new lease, with lease length and terms to be agreed, at a rent of £125,000 per annum.

Alternatively consideration will be given to a freehold sale, price upon application.

We are advised that VAT is applicable at the prevailing rate.

Service Charge
We are advised that there is no service charge applicable.

Buildings Insurance
In the event of a letting the 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 to be confirmed.

Business Rates
We are advised that the premises have a rateable value of £42,750.

Therefore estimated rates payable of approx. £21,500 for the current year.

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(61) of the energy performance assessment scale.

Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.

Viewings Strictly By Appointment Via Joint Sole Agents:

Fenn Wright
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Marketed by: Fenn Wright, Colchester Commercial Sales & Lettings

Land Registry Data

  • No historical data found.
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