The property comprises a detached purpose built warehouse with an adjoining two storey office building.
The office element and production element have self contained points of access and there is potential for a letting of the property as a whole or subdivided to provide a reduced office provision.
To the rear of the property is a generous yard offering car parking for approximately 40 vehicles.
It is to be noted that the landlord will not be willing to entertain a change of use to D2 (Assembly & Leisure).
Location
The property is prominently situated on Mason Road which forms part of the Cowdray Trade Park, an established commercial destination on Colchester’s inner ring road system.
Colchester’s main line railway station lies a short distance to the north and the premises are directly opposite Colchester’s main leisure complex.
The A12 trunk road is located approximately 1.5 miles away.
Accommodation
Warehouse - GIA: 22,450 sq ft (2085 sq m)
GF Offices/Production Area - GIA: 8,895 sq ft (826.3 sq m)
FF Offices - GIA: 6,150 sq ft (571 sq m)
Site Area - 1.35 acres (0.6 hec)
Floor plans are available upon request.
Terms
The property is available to let on a new full repairing and insuring lease at an initial rent reflecting £5.25 per sq. ft.
Business Rates
From verbal enquiries with the Local Rating Authority we understand that the premises are assessed as follows:
Rateable value - £151,000
Approx. rates payable - £74,443 pa
Services
Mains water, drainage, gas and electricity are all connected. We have not tested any of the services or service installations but have assumed they are in good condition.
VAT
VAT is payable on the rent and service charge at the prevailing rate.
Specification
- Potential headquarters building
- Available as a whole or may subdivide
- Potential to demolish office to extend yard space
- 5.5 metre eaves
- Generous site area
- New lease available from October 2015
- Energy Rating: D