No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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This property is no longer on the market

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Office

Under offer
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Office
0 bed
0 bath
1,998 sq ft / 186 sq m

Property description & features

  • Tenure: Freehold
  • Two Storey Detached Office Building
  • Prominent Roadside Frontage
  • On Site Car Parking Spaces
  • Separate Offices / Meeting Rooms
  • Tea Points & W/C Facilities
  • Established & Popular Business Location
  • Easy A12 / A120 Access
The property comprises a two storey detached office building, with a specification to include: suspended ceilings throughout, new LED lighting to the first floor, ceilings fans throughout the first floor, and good levels of natural light.

On the ground floor, a fully glazed personnel door leads to an entrance lobby, with reception / waiting area (with a tea point facility) leading to a mixture of open plan and cellular office space.

A single staircase leads to the first floor, which benefits from a mixture of open plan and cellular office space, W/C facilities and a tea point.

Externally, there are approx. 4 parking spaces in front of the office, with space for a further minimum 3 cars to the side (potentially further if double parked).

There is also a small area to the rear, with a shed.

Accommodation
(Approximate Net Internal Area):
Ground Floor Approx. 1,070 sq. ft (99.4 sq. m)
First Floor Approx. 928 sq. ft (86.2 sq. m)
Total Approx. 1,998 sq. ft (185.6 sq. m)

Terms
The premises are available for sale freehold with vacant possession, at a guide price of £370,000 (no VAT).

Alternatively, the premises are available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £25,000 per annum.

We are advised that VAT is not applicable.

Buildings Insurance
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. The tenant is to be responsible for their own contents and other liability insurances.

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

Business Rates
We have been informed that, effective 1st April 2023, the premises holds two individual rating assessments: Ground Floor (£9,800), and First Floor (£8,600).

The total combined rateable value is £18,400. We therefore estimates rates payable are likely to be in the region of £9,180 per annum. We recommend all interested parties make their own enquiries direct with the local rating authority to confirm their liabilities.

Energy Performance Certificate
We have been advised that the premises fall within class D (90) of the energy performance assessment scale.

A full copy of the EPC assessment and recommendation report is available from our office upon request.

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 Agents:

Fenn Wright
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Property information from this agent

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    Commercial Agency, Estate Agents and Letting Agents Our Colchester Business Park office is home to our North Essex Commercial agency team who specialise in the sale, letting and acquisition of commercial premises. The office is headed up by Michael Moody, who joined Fenn Wright alongside Jeremy Newman in 2017, following the acquisition of Newman Commercial. The focus of this office is on the sale and letting of industrial, office and retail spaces across North Essex and the provision of expert advice to support requests for formal valuations, rent reviews, strategic asset management and development decisions. Together with our commercial property valuation team, who operate out of our nearby Stanway office, Fenn Wright offer unrivalled knowledge and exposure to the commercial property market within Colchester and the surrounding area.

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    Property reference 14870289FH. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Fenn Wright - Colchester Commercial Sales & Lettings.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.