2 Challenge Way, Colchester, CO1

Property number 51645. Click the "Request Details" button, submit the form and we'll text & email you within minutes, day or night.

This property is available with zero deposit. Request details to find out more.

The premises are located at the industrial estate of Challenge Way, accessed via Barrack Street / Hythe Hill, on the outskirts of Colchester City Centre. The A12/A120 dual carriage ways are approximately 3.5 miles to the north and provide excellent traffic links to both the local and national area.

TERMS

The premises are available to let on a new full repairing and insuring lease, with lease length and terms to be agreed, at a rent of £28,000 per annum. £11.42 per sq ft. The property benefits from being VAT elect.

PARKING

2 Challenge way has 4-5 parking spots (Flexible).

UTILITIES

The property benefits from from super fast fibre broadband & electric boiler (untested).

SERVICE CHARGE

A small service charge will be applicable to cover costs of; repairs and maintenance, along with landscaping, of the communal areas. Approximate cost for the current year is £480, again no VAT to pay.

BUSINESS RATES

We are advised that the premises have a rateable value, as a whole and with effect from the 1st April 2023, of £17,250 and will qualify for small business rate relief if this is the primary business premises resulting in no to little business rates. 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 £500 depending on use case.

ENERGY PERFORMANCE CERTIFICATE [EPC]

We have been advised that the premises fall within class D (100) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request.

VAT

All rents and prices are exclusive of VAT. The Property is VAT elect resulting in rent & service charges not subject to VAT.

LEGAL COSTS

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

If you're interested in this property please click the "request details" button above