UNDER OFFER
Unit 7 Godbolts Business Park, London Road, Marks Tey, Essex, CO6
Guide Price
£305,000
£249.39 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,223 sq ft
114 sq m
- SECTOR
Office for sale
Key features
- Income Producing Investment Opportunity
- Modern Premises, Constructed in 2020, EPC Rating (A).
- Let To Veincentre Limited
- Passing Rent Of £21,750 PAX
- Lease Expiry November 2031 (Over 6 years Remaining)
- NIY 6.92% (GIY 7.13%) Assuming 3.06% Purchasers Costs
- Close To Marks Tey Main Line Train Station
- Excellent A12 Access
Description
Investment Opportunity - Let to the Vein Centre. A mid terrace two storey self contained office building, constructed in 2020. The high specification includes an accessible WC, kitchenette, wall mounted heating/cooling units, LED lighting, intruder alarm, and perimeter trunking for power / data.
The tenants fit out includes two treatment rooms, two store rooms, a staff room with kitchenette and a large reception area.
There are four allocated car parking spaces on site, along with use of the shared visitors spaces.
LOCATION
The Godbolts Business Park development is situated on the northern side of the A120 in Marks Tey some 8 miles to the west of Colchester City Centre and benefits from excellent road and rail communications. The A120 links with the coastal port of Harwich to the east and both Stansted Airport and the M11 to the west. Both the north and southbound carriageways of the A12 are immediately accessible as is the Marks Tey mainline railway station providing a direct route to London's Liverpool Street.
ACCOMMODATION
[Approximate Gross Internal Floor Area]
No.7: 1,223 sq ft [113.6 sq m] approx.
(Approx. 1,118 sq ft NIA)
OPPORTUNITY
The premises are let to Veincentre Limited on a full repairing lease to expire November 2031. There is a tenant only break option in September 2027 and an upward only open market rent review in November 2026. Veincentre Limited have an Experian rating of 80/100 - 'below average risk' with a 2023 pre-tax profit of £2.118m and total net worth of £6.555m. Further information is available upon request.
TERMS
The premises are available For Sale Freehold, subject to the lease, at a guide price of £305,000 plus VAT.
SERVICE CHARGE
There is an estate service charge for the maintenance of the state communal areas, landscaping, lighting and car parking. The tenant is responsible for paying under the terms of the lease. The approx. cost for the current year is £3,082.52.
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £18,500. Therefore estimated rates payable of approximately £9,232 for the current year. Interested parties are advised to make their own enquiries. The tenant is responsible for this cost under the terms of the lease.
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 £289.20 plus VAT.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class A(25) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request.
VAT
VAT will be applicable on the price. All rents and prices are exclusive of VAT under the Finance act 1989.
LEGAL COSTS
Each party will bear their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identity prior to the instruction of solicitors.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE SELLING AGENTS:
Fenn Wright
T:
E:
The tenants fit out includes two treatment rooms, two store rooms, a staff room with kitchenette and a large reception area.
There are four allocated car parking spaces on site, along with use of the shared visitors spaces.
LOCATION
The Godbolts Business Park development is situated on the northern side of the A120 in Marks Tey some 8 miles to the west of Colchester City Centre and benefits from excellent road and rail communications. The A120 links with the coastal port of Harwich to the east and both Stansted Airport and the M11 to the west. Both the north and southbound carriageways of the A12 are immediately accessible as is the Marks Tey mainline railway station providing a direct route to London's Liverpool Street.
ACCOMMODATION
[Approximate Gross Internal Floor Area]
No.7: 1,223 sq ft [113.6 sq m] approx.
(Approx. 1,118 sq ft NIA)
OPPORTUNITY
The premises are let to Veincentre Limited on a full repairing lease to expire November 2031. There is a tenant only break option in September 2027 and an upward only open market rent review in November 2026. Veincentre Limited have an Experian rating of 80/100 - 'below average risk' with a 2023 pre-tax profit of £2.118m and total net worth of £6.555m. Further information is available upon request.
TERMS
The premises are available For Sale Freehold, subject to the lease, at a guide price of £305,000 plus VAT.
SERVICE CHARGE
There is an estate service charge for the maintenance of the state communal areas, landscaping, lighting and car parking. The tenant is responsible for paying under the terms of the lease. The approx. cost for the current year is £3,082.52.
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £18,500. Therefore estimated rates payable of approximately £9,232 for the current year. Interested parties are advised to make their own enquiries. The tenant is responsible for this cost under the terms of the lease.
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 £289.20 plus VAT.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class A(25) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request.
VAT
VAT will be applicable on the price. All rents and prices are exclusive of VAT under the Finance act 1989.
LEGAL COSTS
Each party will bear their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identity prior to the instruction of solicitors.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE SELLING AGENTS:
Fenn Wright
T:
E:
Brochures
Unit 7 Godbolts Business Park, London Road, Marks Tey, Essex, CO6
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Marks Tey Station1.6 miles
- Kelvedon Station3.2 miles
- Chappel & Wakes Colne Station3.4 miles
About Fenn Wright, Colchester Business Park Commercial Sales & Lettings
882 Colchester Business Park The Crescent, Colchester Business Park, Colchester, CO4 9YQNotes
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Disclaimer - Property reference 14870660FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fenn Wright, Colchester Business Park Commercial Sales & Lettings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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