The property comprises a substantial self-contained retail warehouse / showroom premises prominently positioned on Peartree Road within an established commercial location. The accommodation is arranged predominantly at ground floor level and provides extensive open plan showroom space together with ancillary office, staff and storage accommodation. The premises have been fitted out to a good standard and benefit from excellent levels of natural light, prominent glazed frontage, suspended ceilings incorporating LED lighting, air conditioning to part, staff welfare facilities and loading / servicing access. Externally, the property benefits from extensive shared on-site customer and staff car parking together with servicing facilities accessed directly from Peartree Road. The site occupies a highly visible roadside position within one of Colchester's principal trade, retail and commercial destinations. Â
LOCATION
Peartree Road is prominently situated within Stanway, Colchester's principal trade, retail warehouse and commercial location, positioned adjacent to the Tollgate Retail Park and providing excellent access to the A12 via Junction 26. The area forms one of Colchester's established out-of-town commercial destinations. The surrounding area comprises a strong mix of national, regional and independent occupiers including Screwfix, Toolstation, Topps Tiles, Halfords Autocentre and other retail warehouse and trade counter operators. Colchester is recognised as one of Essex's major commercial centres, with a resident population in excess of 140,000 people and a wider catchment significantly larger. The city benefits from regular rail services to London Liverpool Street together with excellent road communications via the nearby A12 trunk road connecting to Chelmsford, the M25 and wider national motorway network.
ACCOMMODATION
[Approximate Gross Internal Floor Areas]
TOTAL: 23,087 sq ft [2145.78 sq m] approx.Â
TERMS
The premises are available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £150,000 per annum plus VAT.
SERVICE CHARGE
A service charge is applicable to cover; maintenance of the estate communal areas, landscaping, lighting and car parking areas.
The approx. cost for the current year is £40,000 plus VAT.
We are advised that this estimate is budgeted to reduce in 2027/2018
BUSINESS RATES
The property is assessed as follows;
Rateable Value: £122,000
Rates Payable Estimate (2026/27): £58,560
Rates Payable are based upon the current UBR for 2026/27 of 0.48 (standard).
All interested parties should make their own enquires with the local rating authority in order to verify their rates liability.
BUILDINGS INSURANCE
The landlord is responsible for arranging the buildings insurance with the cost to be recovered from the tenant. The approx. cost for the current year is £1,750 plus VAT.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class C (67) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
The property is elected to VAT. Prospective tenants should therefore be aware that VAT will be payable at the prevailing rate on the rent and service charge.
LEGAL COSTS
Each party will bear their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to verify the identity, private residence and source of funds (where applicable) of prospective purchasersand tenants prior to solicitors being instructed. An administration fee is payable, and further details are available upon request.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
Fenn Wright
