Industrial unit for sale
Features and description
- Tenure: Freehold
- Substantial Concrete Yard Areas
- Located Directly Adjacent A120
- Busy Main Road Frontage
- Excellent Parking & Loading Areas
- Approx. 4.8 Acre Site
Video tours
The premises are currently undergoing refurbishment and will be ready for occupation Q1 2025.
Centre Park is prominently located on Main Road in Frating with excellent access to the A120 (via the A133) and A12 trunk roads which provide easy traffic links to Stansted Airport and the East Coast Ports of Harwich & Felixstowe. Frating is located approx. six miles to the South East of Colchester, 32 miles East of Chelmsford and 20 miles South West of Ipswich. Neighboring occupiers include: Manheim Car Auctions & TBS (Penguin Book Distributors).
ACCOMMODATION
(Approximate Gross Internal Floor Areas]
Unit 1: 28,475 sq ft [2,645.4 sq m]
Unit 2: 8,253 sq ft [766.7 sq m]
Link: 1,561 sq ft [145.0 sq m]
Unit 3: 16,980 sq ft [1,577.5 sq m]
Mezz: 657 sq ft [61.0 sq m]
Total: 55,926 sq ft [5,195.6 sq m]
Plus a separate surfaced yard of approx. 25,000 sq ft (0.57 Acres)
TERMS
The premises are available to let on a new effective full repairing and insuring lease, with lease length and terms to be agreed, at a rent of £475,000 pax.
Alternatively the premises are available For Sale Freehold at £8,500,000 plus VAT.
SERVICE CHARGE
We are advised that no service charge is applicable (if let as a whole or sold freehold).
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £212,000. Therefore estimated rates payable of approximately £116,000 for the current year. Interested parties are advised to make their own enquiries.
BUILDINGS INSURANCE
For a letting the buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant.
PLANNING
We are advised that the site benefits from an existing, and well established, B2 planning consent. Interested parties are however advised to make their own enquiries with the planning department at Tendring District Council.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises have been assessed with current ratings between B(46) and D(90) of the energy performance assessment scale.
Full copies of the EPC assessments are available upon request.
Note: New EPC's will be available shortly following the completion of the refurbishment works.
VAT
VAT will be applicable on the rent and sale price. All rents and prices are exclusive of VAT under the Finance act 1989.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identity prior to the instruction of solicitors.
Viewings strictly by appointment via sole agents Fenn Wright.
Property information from this agent
About this agent
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 Comm... Show more