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Agent's details

8 Commerce Way, Whitehall Industrial Estate, Colchester, Essex, CO2

For sale: £1,700,000.00|To rent: £125,000.00 Per Annum|20,589 Sq Ft|Distribution Warehouse, General Industrial, Industrial

Property details

FOR SALE£1,700,000.00
TO RENT£125,000.00 Per Annum
SIZE20,589 Sq Ft
ADDRESS8 Commerce Way, Whitehall Industrial Estate, Colchester, Essex, CO2
TYPEDistribution Warehouse, General Industrial, Industrial
TENURETo Let, For Sale Freehold
POSTED ON2nd August 2022

Description

The unit is primarily of steel portal frame construction with brick and profile steel clad elevations under a pitched roof with both ground and dock level loading doors providing access.

Internally the units have eaves heights ranging from approx. 3.8m up to 9.0m in the rear warehouse area.

To the front of the premises are ground and first floor offices with W/C and kitchenette facilities.

Parking is available on the forecourt to at the front. Gates provide access to a self contained yard area which is suitable for further parking or loading/unloading space.

The premises are currently undergoing light refurbishment. Further details of works being carried out can be provided upon request.

Accommodation
Approximate Gross Internal Area:

Warehouse and Offices 17,576 sq. ft (1,632.9 sq. m)
Mezzanine Floors 3,013 sq. ft (279.9 sq. m)
Total20,589 sq. ft(1,912.8 sq. m)

We understand that the total site area is approx. 0.69 Acres (0.28 ha), subject to survey.

Terms
The premises are available to let on a new lease, with lease length and terms to be agreed, at a rent of £125,000 per annum.

Alternatively consideration will be given to a freehold sale, price upon application.

We are advised that VAT is applicable at the prevailing rate.

Service Charge
We are advised that there is no service charge applicable.

Buildings Insurance
In the event of a letting the buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant.

The approx. cost for the current year is to be confirmed.

Business Rates
We are advised that the premises have a rateable value of £42,750.

Therefore estimated rates payable of approx. £21,500 for the current year.

Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.

Energy Performance Certificate (EPC)
We have been advised that the premises fall within class C(61) of the energy performance assessment scale.

Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.

Viewings Strictly By Appointment Via Joint Sole Agents:

Fenn Wright
01206 85 45 45
colchestercommercial@fennwright.co.uk




( Agency Pilot Software ref: 14869898 )

Location

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Location: 8 Commerce Way, Whitehall Industrial Estate, Colchester, Essex, CO2

Hythe (0.6 miles)

Colchester Town (1.5 miles)

Wivenhoe (1.6 miles)

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