The Tower, Phoenix Square, Severalls Park, Colchester, Essex, CO4

These open plan first and second floor office suites benefit from air conditioning, suspended ceilings with recessed LED lighting and raised access floors with carpeting. The offices are accessed via a ground floor reception with stair and lift access. We understand there is a Virgin fibre line into the building offering high speed internet access.

There are twenty-five car parking spaces situated on site plus additional visitors & accessible spaces.

Further parking spaces may be available on site subject to availability and negotiation.

Accommodation
(Approximate net internal measurements)
First Floor Approx. 1,367 sq ft (127 sq m)
Second Floor Approx. 4,542 sq ft (422 sq m)
Total Approx. 5,909 sq ft (549 sq m)

Terms
To let on a new flexible lease at £97,500 per annum, exclusive of business rates and VAT.

Buildings Insurance
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. Approx. cost £1,550 per annum.

Service Charge
A service charge is levied to cover the costs of maintenance, cleaning and lighting of the car parking and landscaped areas, waste collection, external window cleaning, lift maintenance, and a sinking fund towards external decorations, the maintenance of the roof and air condition.

The cost for 2022/23 is estimated at approx. £12,500 per annum.

Business Rates
The offices are assessed with a combined rateable value of £75,250 with effect from the 1st April 2023. Therefore rates payable are likely to be in the region of £38,500 per annum.

Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities in this direction.

Energy Performance Certificate (EPC)
We have been advised that the premises fall within class D (92) 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.

Viewing
Strictly by appointment via sole agents:

Fenn Wright