The Oaks, Apex 12, Old Ipswich Road, Colchester, Essex, CO7

Available for occupation now. The Oaks, a detached and self-contained two storey building, has been built to an extremely high specification to include double glazed aluminium powder coated windows and doors, suspended ceilings with LED lighting and air conditioning cassettes, full access raised floors with carpet tiles, a Kone 8 person passenger lift, male, female, disabled toilets and a walk in shower room.

Twenty-eight car parking spaces are provided in brick pavioured bays which are covered by CCTV security cameras and automatic security bollards at the entrance. There are four electric car charging points (3x 3.6kWh and 1x 7.2 kWh).

We are advised that there is a BT Openreach Fibre internet connection to the building providing upload and download speeds of 100mb.

Apex 12 is a prestigious development of high quality architect designed offices set in an immaculately landscaped environment.

The development is prominently located to the North of Colchester, adjacent to The Crown Interchange (Junction 29) of the A12 / A120, and benefits from excellent road links to the national motorway network, Stansted Airport, and the east coast ports of Harwich and Felixstowe.

Colchester City Centre and mainline railway station (London Liverpool Street approx. 50 minutes) are only 3.5 miles distant.

Accommodation
(Approximate Net Internal Area);

The Oaks - Approx. 6,680 sq ft (620.6 sq m)

Note: A separate storage unit, of approx. 206 sq ft (19.2 sq m), is included.

Terms
The premises are available to be let on new effective full repairing and insuring lease, lease length and terms to be agreed subject to a minimum unbroken lease term of five years, at a rent of £149,500 per annum plus VAT.

Service Charge
A service charge will be applicable to cover costs of; drainage, water rates, refuse collection, annual air conditioning servicing, CCTV and entrance bollards, external grounds maintenance, lighting of the car parking areas, external window cleaning; roof maintenance, AC & lift maintenance, and a sinking fund.

Approximate cost for the current year is £24,000 plus VAT, payable on account.

Buildings Insurance
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. For the current year the approximate cost is £2,400 plus VAT (renewal due 1st April 2023).

Business Rates
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £102,000.

Therefore estimated rates payable of approx. £55,700 for the current year.

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 (54) of the energy performance assessment scale. A copy of the EPC is available upon request.

VAT will be applicable on the rent and service charge. All rents and prices are exclusive of VAT under the Finance Act 1989.

Viewings Via Fenn Wright.