7 Wyncolls Road, Severalls Industrial Park, Colchester, Essex, CO4

A mid terrace premises of steel portal frame construction under a pitched and insulated roof which incorporates translucent roof lights, Eaves height of approx. 5.6m and pitch approx. 6.6m.

A kitchenette and W/C facilities are provided on the ground floor with two carpeted office areas on the first floor.

There is a large loading door (approx. 3.6m wide by 4.8m high) providing access to the warehouse, which has lighting, gas supply, and a three phase power supply.

Externally there is a forecourt providing loading/unloading space, and ample on site car parking (front and rear of the premises).

Accommodation
(Approximate gross internal measurements)
Ground Floor Approx. 6,415 sq ft (596.0 sq m)
First Floor Approx. 1,085 sq ft (100.8 sq m)
Total Approx. 7,500 sq ft (696.8 sq m)

Terms
The premises are available to let by way of an assignment of the existing five year lease, which commenced 26 May 2023 (expiring 25 May 2028), at a current passing rent of £79,500 per annum.

Alternatively consideration to a sub-lease will be given.

We are advised that VAT is applicable.

Service Charge
A service charge is applicable to cover; maintenance of the estate communal areas, landscaping, lighting and car parking areas.

The approx. cost for the current year £5,231.

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 £1,118.

Business Rates
We have been informed that the rateable value, with effect from the 1st April 2023, is £61,500. We therefore estimate that the rates payable are likely to be in the region of £33,579 per annum. View the assessment here.

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

Energy Performance Certificate (EPC)
A full copy of the EPC assessment and recommendation report will be available from our office upon request following completion of the light refurbishment works.

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