Office to rent
Property description & features
- High Quality Air Conditioned Office Building With Excellent A12 Access
- Modern Two Storey Office Building
- Heating & Cooling (not tested)
- WC and Kitchenette Facilities
- Open Plan Layout With A First Floor Meeting Room / Office
- High Speed Internet Connected (100mb)
- Five Allocated On Site Car Parking Spaces
- On Site Visitor Car Parking & Picnic Areas
A 100mb internet line is connected with the cost included until February 2028 (worth £300 pcm).
There are five allocated car parking spaces (with scope for further unofficial parking). There are also shared visitor spaces on site, along with picnic areas within the landscaped grounds.
ACCOMMODATION
[Approximate Net Internal Floor Areas]
Total: 1,482 sq ft [137.7 sq m] approx.
TERMS
The premises are available to let by way of an assignment of the existing lease which is to expire Feb 2028 and features a tenant only break option in February 2026. The current passing rent is £20,000 per annum (i.e. £1,666.67 per calendar month, payable quarterly in advance.
*The assignor is subsidise the rent until the break, reducing the monthly rent to £1,495 per calendar month. Plus VAT at the prevailing rate.
Consideration will be given to a sub-lease of the whole.
Note: Subject to terms and covenant the landlord may give consideration to a new letting of the whole.
SERVICE CHARGE/ BUILDING INSURANCE
An annual service charge is applicable and covers the repair and maintenance of all of the communal areas & facilities. Approx. cost for the current year of £926.25 plus VAT per quarter.
Tenants will be required to reimburse the landlords the full cost of buildings insurance cover. Approx. cost for the current year of £632.29 plus VAT.
BUSINESS RATES
We have been informed that the rateable value is £20,500. We estimate that the rates payable are likely to be in the region of £10,230 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 (64) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
We are advised that VAT is applicable at the prevailing rate.
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 COSTS
Each party will bear their own legal costs.
VIEWING
Strictly by appointment via sole agents Fenn Wright.
Property information from this agent
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*DISCLAIMER
Property reference 14870461LH. 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
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