CO5 Colte House, Threshelfords Business Park, Inworth Road, Feering, Colchester

Constructed circa 2008 the building is of modern construction with part timber cladding externally, under a pitched and tiled roof, arranged over ground and first floors.

There is a reception area with WC facilities, passenger lift to the first floor and access to the ground floor offices, store room and stairs to the first floor. The offices are carpeted and benefit from a suspended ceilings with LED lighting, recessed heating / cooling units and high quality glazed partitioning providing various offices / meeting rooms on the ground and first floor. There is a 100mb fibre internet leased line.

Externally the office is situated within landscaped grounds with a duck pond and seating area along with marked car parking bays for twenty one cars.

LOCATION

ACCOMMODATION

[Approximate Net Internal Floor Areas]

Ground Floor:

2,649 sq ft

[246.1 sq m]

approx.

First Floor:

2,634 sq ft

[244.7 sq m]

approx.

Total:

5,283 sq ft

[490.8 sq m]

approx.

TERMS

The premises are available For Sale on a 999 year ground lease from 30th November 2007 at a peppercorn rent, at a guide price of £995,000 plus VAT.

TENANCY

The ground floor is let to Premier Print & Promotions Ltd on a five year full internal repairing lease at a rent of £36,500 pax. The lease is to expire 16th June 2027 (no break or rent review). Further information is available upon request.

BUSINESS RATES

We have been informed that the rateable value for the whole building is £71,750. We estimate that the rates payable are likely to be in the region of £39,180 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 applicable to cover the cost of; maintenance, lighting and landscaping of the external communal areas.

Approx. cost for the current year is £3,620 plus VAT.

ENERGY PERFORMANCE CERTIFICATE [EPC]

We have been advised that the premises fall within class B (42) of the energy performance assessment scale.

LEGAL COSTS

Each party will be responsible for their own legal costs.

VAT

All 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.

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.

VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:

Fenn Wright

T: 01206 854545

E: colchestercommercial@fennwright.co.uk

An attractive detached office building prominently located by the entrance of the popular Threshelfords Business Park on the outskirts of Feering, with easy access to the A12 trunk road and approximately 1.5 miles from Kelvedon Railway Station (London Liverpool Street approximately 40 minutes). Chelmsford is approximately 10 miles to the South West and Colchester 10 miles to the North East.