6 Lanswoodpark, Broomfield Road, Elmstead Market, Colchester, Essex, CO7

This modern, self-contained office building is arranged over two floors and offers well-presented accommodation suitable for a variety of business uses. The ground floor comprises an open-plan working area, a private office located at the front of the building, and a further office or meeting room at the rear which includes a tea point facility. There is also an accessible W/C on this level.

The first floor provides mainly open-plan space with an additional meeting room, another tea point, and a W/C. The specification includes LVT flooring throughout, suspended ceilings with recessed LED lighting, perimeter trunking for power and data cabling, and wall-mounted heating/cooling units.

The property benefits from eight allocated car parking spaces, with additional shared visitor parking available on site.

Accommodation
(Approximate net internal measurements)
Ground Floor Approx. 978 sq ft (90.9 sq m)
First Floor Approx. 1,136 sq ft (105.5 sq m)
Total Approx. 2,114 sq ft (196.4 sq m)

Terms
The premises are available to let on a new full repairing and insuring lease, on a lease term of five years (incorporating an option to break at the end of the third year), at a rent of £39,995 per annum.
Rent is payable quarterly in advance, VAT is applicable.
*As a new letting incentive for prospective tenants, a 6 month rent free period can be offered, to be reflected as 3 months at the end of the third year and a further 3 months at the end of the fifth year, provided the tenants do not execute the break clause.
This incentive is subject to full lease terms being agreed and to a review of the prospective tenants covenant strength.
A deposit equivalent to three months rent plus equivalent VAT amount is required.

Service Charge / Buildings Insurance
A service charge is applicable to cover; buildings insurance, maintenance of the estate communal areas, landscaping, lighting, CCTV and car parking areas. Full details available upon request.
The approx. cost for the current year £5,500 plus VAT.

Business Rates
The rateable value is currently split between the ground & first floors.
The ground floor has an RV of £17,500, and the first floor an RV of £18,750. We estimate that the rates payable are therefore likely to be in the region of £18,100 per annum.
Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.

Energy Performance Certificate (EPC)
The premises falls within class B (26) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.

VAT
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 bear their own legal costs.

Viewing
Please contact Lanswood to arrange a viewing