6 Lanswoodpark, Broomfield Road, Elmstead Market, Colchester, Essex, CO7

6 MONTH RENT-FREE PERIOD AVAILABLE
(subject to eligibility - please contact Fenn Wright for more details)

The office accommodation is self-contained and arranged over two floors. The ground floor consists of an open plan space, with a separate office to the front of the building, and an additional office / meeting room space to the rear which also benefits from a tea point facility.

Stairs lead to the first floor which comprises predominantly open plan space, with tea point and W/C facility, and also benefits from a meeting room. There is an accessible W/C on the ground floor.

The specification includes LVT flooring, suspended ceilings with recessed LED lighting, perimeter trucking for power and network cabling and wall mounted heating / cooling units (not tested).

There are eight allocated car parking spaces plus shared visitor spaces available on site.

Accommodation
(Approximate net internal measurements)
Ground Floor Approx. 978 sq ft (90.9 sq m)
First Floor Approx. 1,136 sq ft (105.5 sq m)
Total Approx. 2,114 sq ft (196.4 sq m)

Terms
The premises are available to let on a new full repairing and insuring lease, on a lease term of five years (incorporating an option to break at the end of the third year), at a rent of £39,995 per annum.
Rent is payable quarterly in advance, and we are advised that VAT is applicable.
*As a new letting incentive for prospective tenants, the landlords will grant a 6 month rent free period, to be reflected as 3 months at the end of the third year and a further 3 months at the end of the fifth year, provided the tenants do not execute the break clause.
This incentive is subject to full lease terms being agreed and subject to a review of the prospective tenants covenant strength.


Service Charge / Buildings Insurance
A service charge is applicable to cover; buildings insurance, maintenance of the estate communal areas, landscaping, lighting, CCTV and car parking areas. Full details available upon request.

The approx. cost for the current year £5,500 plus VAT.

Business Rates
We have been informed that the rateable value is currently split between the ground & first floors.

The ground floor has an RV of £17,500, and the first floor an RV of £18,750. We estimate that the rates payable are therefore likely to be in the region of £18,100 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 B (26) 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