Port Plaza, Port Lane, Colchester, Essex, CO1

*Rent Reduced* A substantial self contained, fenced & gated (two access points), site totalling approx. 1.3 acres with a concrete / tarmacadum surface providing excellent on site car parking and loading / unloading areas. The premises consist of a detached building of steel frame construction with brick elevations and an insulated roof incorporating transparent roof lights (new roof installed 2016). The premises also feature aluminum double glazed windows (installed 2016).

The warehouse has an eaves height of approx. 3.3m and a pitch height of approx. 6.4m. There are two electrically operated loading doors providing access to the warehouse. A large office / workshop area is provided with a suspended ceiling (height approx. 2.7m). The site benefits from a mains gas supply, three phase electricity supply and mains water supply.

Accommodation
(Approximate gross internal measurements)
Warehouse Approx. 9,950 sq ft (924.4 sq m)
Workshop / Offices & Facilities Approx. 5,330 sq ft (495.2 sq m)
Total Approx. 15,280 sq ft (1,419.6 sq m)

Terms
The premises are available To Let on a new lease, flexible terms to be agreed, at a rent of £105,000 per annum plus VAT.

Alternatively consideration will be given to a freehold sale, price available upon application.

Available September 2024 or possibly sooner by agreement.

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 £5,000.

Business Rates
We have been informed that the rateable value is £58,000. We estimate that the rates payable are likely to be in the region of £29,700 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 (75) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.

Planning
We are advised that the premises have been used for light industrial purposes for the past twenty plus years with no restrictions on noise or working hours. Interested parties are advised to make their own enquiries direct with the local planning authority.

VAT
We are advised that VAT is applicable on the rent.

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.

Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.

Viewing
Strictly by appointment via sole agents:
Fenn Wright