MapIndustrial unit to rent
16 Peartree Business Centre, Peartree Road, Stanway, Colchester, Essex, CO3
Industrial unit
860 sq ft / 80 sq m
Features and description
- Business Premises With Gated Side Yard
- Available By Way Of An Assignment Of The Existing Lease
- Large Loading Door
- Tea Point & W/C
- Concrete Forecourt For Loading / Parking
- Popular & Established Business Location
Description
The unit is of steel portal frame construction with part brick and part profile steel clad elevations, under a pitched and insulated roof.
A personnel door on the front elevation provides access to the warehouse (min. eaves height of 3.79m and apex height 4.89m), which benefits from lighting, gas heater (not tested) and 3 phase power.
Externally, there is a concrete forecourt providing space for parking and loading / unloading, as well as a self-contained gated side yard with a full height electric roller shutter door (2.85m width and 3m height) to the side elevation providing access to the warehouse.
ACCOMMODATION
[Approximate Gross Internal Floor Areas]
Total: 860 sq ft [79.9 sq m] approx.
TERMS
The unit is available to let by way of an assignment of the existing lease which is to expire 30th April 2028. The current passing rent is £14,250 per annum (plus VAT), payable monthly in advance. The lease includes a upward only open market rent review falling on 1st May 2026.
We are advised that VAT is applicable.
SERVICE CHARGE
A service charge is applicable to cover the cost of maintenance of the estate communal areas, landscaping and street lighting.
Approx. cost for the current year £456.79 plus VAT.
BUILDINGS INSURANCE
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 £TBC VAT.
BUSINESS RATES
We have been informed that the rateable value, with effect from the 1st April 2023, is £9,400. For rateable values below £12,000, 100% small business rates relief may be available, subject to availability.
We recommend all parties make their own direct enquiries with the local rating authority.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class E (112) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
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.
PHOTOGRAPHS
Please note that the photographs in this listing are for illustrative purposes only and do not necessarily represent the current condition. An internal viewing is advised.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
Fenn Wright
T:[use Contact Agent Button]
E: [use Contact Agent Button]
Location
The unit is situated at the popular Peartree Business Centre, which is located to the west of Colchester City Centre, close to many other well known retail warehouse and business occupiers with easy access to the A12 dual carriageway and the City Centre.
Available By Way Of An Assignment Of The Existing Lease
The unit is of steel portal frame construction with part brick and part profile steel clad elevations, under a pitched and insulated roof.
A personnel door on the front elevation provides access to the warehouse (min. eaves height of 3.79m and apex height 4.89m), which benefits from lighting, gas heater (not tested) and 3 phase power.
Externally, there is a concrete forecourt providing space for parking and loading / unloading, as well as a self-contained gated side yard with a full height electric roller shutter door (2.85m width and 3m height) to the side elevation providing access to the warehouse.
ACCOMMODATION
[Approximate Gross Internal Floor Areas]
Total: 860 sq ft [79.9 sq m] approx.
TERMS
The unit is available to let by way of an assignment of the existing lease which is to expire 30th April 2028. The current passing rent is £14,250 per annum (plus VAT), payable monthly in advance. The lease includes a upward only open market rent review falling on 1st May 2026.
We are advised that VAT is applicable.
SERVICE CHARGE
A service charge is applicable to cover the cost of maintenance of the estate communal areas, landscaping and street lighting.
Approx. cost for the current year £456.79 plus VAT.
BUILDINGS INSURANCE
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 £TBC VAT.
BUSINESS RATES
We have been informed that the rateable value, with effect from the 1st April 2023, is £9,400. For rateable values below £12,000, 100% small business rates relief may be available, subject to availability.
We recommend all parties make their own direct enquiries with the local rating authority.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class E (112) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
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.
PHOTOGRAPHS
Please note that the photographs in this listing are for illustrative purposes only and do not necessarily represent the current condition. An internal viewing is advised.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
Fenn Wright
T:[use Contact Agent Button]
E: [use Contact Agent Button]
Location
The unit is situated at the popular Peartree Business Centre, which is located to the west of Colchester City Centre, close to many other well known retail warehouse and business occupiers with easy access to the A12 dual carriageway and the City Centre.
Available By Way Of An Assignment Of The Existing Lease
Property information from this agent
About this agent
Fenn Wright - Colchester Commercial Sales & Lettings
882 Colchester Business Park, The Crescent
Colchester Business Park, Colchester
CO4 9YQ
01206 988207Commercial 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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