Units A, B & C/D, Axis One, Brunel Way, Severalls Industrial Park, Colchester, Essex, CO4
Size
22,225
Tenure
Freehold
EPC
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Parking
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- Primary use
- Light industrial
Key features
- Fully Let To Strong National Covenants
- Total Rental Income: £226,000 per Annum
- Close To A12 / A120 Interchange
- Popular & Established Business Park Location
Description
The units are of steel portal frame construction with profile metal cladding, providing versatile and lettable accommodation suitable for a range of industrial occupiers.
LOCATION
Severalls Industrial Park is Colchester's principal industrial location, situated to the north of the city centre and immediately adjacent to the A12/A120 interchange, providing excellent connectivity to Stansted Airport, the East Coast ports of Harwich and Felixstowe, and the national motorway network. The estate accommodates a diverse mix of national and regional occupiers and benefits from established infrastructure and consistently strong occupational demand
ACCOMMODATION
[Approximate Gross Internal Floor Areas]
Unit A - Warehouse 6,144 sq ft, Mezzanine 940 sq ft, TOTAL - 7,084 sq ft
Unit B - Ground & First Floor TOTAL - 7,106 sq ft
Unit C/D - Ground & First Floor TOTAL - 8,035 sq ft
TOTAL - 22,225 sq ft [2,064.75 sq m]
LEASE SUMMARY
The property is fully let on full repairing and insuring leases to three strong covenants: Wolseley UK Limited, Technotrans Graphics Limited and Euro Car Parts Limited, producing a total rental income of £226,000 per annum.
Unit A: Let for 5 years from 8th January 2025 to Wolseley UK Limited (Reg No 00636445) ta Fusion Utilities at £73,000 pax, contracted inside the L&T Act 1954 on FRI terms. In occupation since May 1998.
Unit B: Let for 6 years from 21st July 2024 to Technotrans Graphics Limited (Reg No 02612383) at £71,000 per annum, increasing to £74,000 on 21st July 2026, contracted inside the L&T Act 1954 on FRI terms with a tenants break and an upward only rent review on 21st July 2027. In occupation since July 2003.
Unit C/D: Let for 10 years from 13th April 2018 to Euro Car Parts Limited (Reg No 02680212) at £79,000 pax, contracted inside the L&T Act 1954 on FRI terms, subject to a schedule of condition.
TERMS
The property is offered for sale at £3,200,000 plus VAT, reflecting an attractive gross yield of approximately 7% and a low capital value of just £144 per sq ft (£13.38 per sq m).
SERVICE CHARGE
There is no service charge levied on the tenants and the landlord pays the maintenance costs of £600 per annum themselves.
BUILDINGS INSURANCE
£3,500 (expiry 20th March 2027).
EPC
Unit A D (85), Unit B D (80), Unit C/D D (83)
VAT
We are advised that VAT will be applicable on the purchase price.
All prices are exclusive of VAT under the Finance Act 1989. A TOGC sale maybe possible.
LEGAL COSTS
Each party will bear 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 SELLING AGENTS:
Fenn Wright
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Brochure
Units A, B & C/D, Axis One, Brunel Way, Severalls Industrial Park, Colchester, Essex, CO4
About Fenn Wright, Colchester Business Park Commercial Sales & Lettings
Fenn Wright are East Anglia's leading, independently owned partnership of commercial property agents, estate agents and Chartered Surveyors, with a reputation for providing the highest level of customer care.
Our commercial property agents offer an unrivalled range of professional skills and local market knowledge and we aim to provide industry-leading levels of service. We represent a wide spectrum of clients, including investors and developers, landlords and tenants, property companies, pension funds, business owners and private individuals. We can provide expert advice on every aspect of buying, selling and renting Commercial property, from valuations, landlord and tenant services, property management and insolvency, to name a few.
We have an unequalled presence throughout Essex and Suffolk with offices in the major hubs of Basildon, Chelmsford, Colchester Business Park and Ipswich - as well as branches in Colchester, Sudbury, Woodbridge, Witham, Stanway, Felixstowe, Kesgrave and Manningtree.
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Disclaimer - Property reference 14871034FH. 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.