Iceni House, Stephenson Road, Colchester, Essex, CO4

Ready for occupation on flexible terms. A warehouse/industrial premises with excellent car parking and excellent A12/A120 access.

The building is of steel portal frame with brick and insulated steel clad elevations under a pitched and insulated roof.

A reception area provides access to a mix of offices, WC and kitchenette facilities and a workshop and warehouse space. An electrically operated loading door provides access to the warehouse areas which benefit from three phase power, LED high bay lighting and eaves approx. 5m and apex 6.4m.

Externally there is a fenced forecourt area providing parking for c.25 cars along with a separate loading and unloading area by the loading door.

LOCATION
The property is prominently located on Stephenson Road on the very well established and popular Severalls Industrial Park. Situated adjacent to the A12/A120 interchange providing easy access to Stansted Airport, the East Coast ports of Harwich and Felixstowe, and the national motorway network.

Nearby occupiers include; Edmundson Electrical, Eurocelll, BSS, Crown Paints, Screwfix, Toolstation, AllTrade, Speedy Fixings, and Motorparts Direct.

ACCOMMODATION
[Approximate Gross Internal Floor Areas]

Warehouse 8,468 sq ft [786.73 sq m] approx.
Mezzanine Floor 164 sq ft [15.24 sq m] approx.
Offices & Reception 1,159 sq ft [107.66 sq m] approx.
WC's & Kitchenette Area 651 sq ft [60.5 sq m] approx.
Total 10,442 sq ft [970.13 sq m] approx.

TERMS
The premises are available by way of an assignment of the existing fifteen year FRI lease which is to expire November 2031. There is a tenant only break option in November 2026 along with a rent review due in December 2025. The current passing rent is £71,250 pax.

Consideration may be given to a sub-lease up to November 2026.
We are advised that the rent is plus VAT at the prevailing rate.

Note: A new letting, direct from the landlord, may be available subject to negotiation and the surrender of the existing lease.

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

BUSINESS RATES
We are advised that the premises are assessed for business rates purposes in conjunction with three adjacent properties, and are yet to be individually assessed. 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. For the current year the approximate cost is £TBC plus VAT.

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class D (99) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.

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

LEGAL COSTS
Each party is to be responsible for their own legal costs.

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