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

Generous letting incentives / fit out contributions available. Suitable For Offices/Financial Services/Medical & Health Services.

The Oaks, a detached and self-contained two storey office 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 (to be installed shortly), a Kone 8 person passenger lift, male, female, disabled toilets and a walk in shower room. Nineteen 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) on site. We are advised that there is a BT Openreach Fibre internet connection to the building.

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);

Suite 2 & 3 2,939 sq ft (273 sq m) £70,650pax 14 Parking Spaces
Suite 4 (First Floor) 1,195 sq ft (111 sq m) £28,700 pax 5 Parking Spaces
2, 3 &4 Combined 4,134 sq ft (384 sq m) £99,350 pax 19 Parking Spaces


Note: A separate storage unit of approximately 206 sq ft (19.2 sq m) is available by negotiation.

TERMS
The premises are available to let on a new effective full repairing and insuring lease, lease length and terms to be agreed, with rents from £28,700 per annum exclusive.

*Generous letting incentives / fit out contributions available. Subject to terms and covenant. Further information available upon request.

PLANNING
The premises benefit from consent for use as Offices, Financial Services, and Medical/Health Services as per use classes E(g) (i, ii), E(c) and E(e) of the use classes order. Interested parties are advised to make their own enquiries direct with the local planning authority.

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

Approximate cost for the current year is £3.60 per sq ft plus VAT, payable on account.

BUSINESS RATES
We are advised that the entire building has a rateable value, with effect from the 1st April 2023, of £102,000.
We therefore guesstimate a reduced rateable value of £63,000 based on an area of approx. 4,135 sq ft. A formal revaluation is be required.

Interested parties are advised to make their own enquiries.

BUILDINGS INSURANCE
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant.

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class C (54) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request.

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

ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identify prior to the instruction of solicitors.