Telford Way, Severalls Industrial Estate, Colchester, Essex, CO4

The unit is of steel portal frame construction with brick elevations under a pitched roof (part over clad) and double glazed Upvc windows, with eaves heights of approx. 2.3m to 2.9m and an apex height up to approx. 4.9m. The property is set across lower ground and ground floor light industrial / warehouse space, and first floor office space and a mezzanine storage area. A loading door provides access to the lower ground floor warehouse area, with a further roller shutter door providing access into the single storey extension.
The first floor area provides office accommodation, as well as access to a further mezzanine storage area. W/C facilities are located on the ground floor.
Externally, there is a large, fenced and gated, self-contained concreted yard, with ample space for car parking and loading / unloading.

ACCOMMODATION
[Approximate Gross Internal Floor Areas]

Lower Ground Floor: 3,270 sq ft [303.8 sq m] approx.
Ground Floor: 3,184 sq ft [295.8 sq m] approx.
First Floor Offices: 1,705 sq ft [158.4 sq m] approx.
Mezzanine Store: 515 sq ft [47.8 sq m] approx.
Total: 8,674 sq ft [805.8 sq m] approx.


TERMS
The premises are available to let on a new effective full repairing and insuring lease, with lease length and terms to be agreed, at a rent of £65,000 per annum (no VAT).

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

SERVICE CHARGE
We are advised that there is no service charge applicable.

BUILDING 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 £TBC.

BUSINESS RATES
We have been informed that the rateable value, with effect from the 1st April 2023, is £67,500.
We estimate that the rates payable are likely to be in the region of £36,860 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 D (97) of the energy performance assessment scale.
A full copy of the EPC assessment is available upon request.

VAT
We are advised that VAT is not applicable. 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 be responsible for 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 .

VIEWINGS STRICTLY BY APPOINTMENT
VIA SOLE AGENTS:
Fenn Wright
T:
E:



The premises are located on the popular Severalls Industrial Estate, approximately three miles north of Colchester City centre and directly adjacent to the A12/A120 interchange. Excellent road links are available to the UK's major motorway network, Stansted Airport, and the East Coast ports of Harwich and Felixstowe.