£1,900,000 /Sale price

Colchester Essex CO1

Overview

SUMMARY: Discover an opportunity with this Colchester commercial/industrial for sale and available for £1,900,000 /Sale price. This could be your next ideal home or a smart investment. More details await.
A substantial self contained, fenced & gated (two access points), site totalling approx. 1.3 acres with a concrete / tarmacadum surface providing
excellent on site car parking and loading / unloading areas. The premises consist of a detached building of steel frame construction with brick elevations and an insulated roof incorporating transparent roof lights (new roof installed 2016). The premises also feature aluminum double glazed windows (installed 2016). The warehouse has an eaves height of approx. 3.3m and a pitch height of approx. 6.4m. There are two electrically operated loading doors providing access to the warehouse. A large office / workshop area is provided with a suspended ceiling (height approx. 2.7m). The site benefits from a mains gas supply, three phase electricity supply and mains water supply.Accommodation(Approximate gross internal measurements)Warehouse Approx. 9,950
sq ft (924.4 sq m)Workshop / Offices & Facilities Approx. 5,330 sq ft (495.2 sq m)Total Approx. 15,280 sq ft (1,419.6 sq m)TermsThe premises are available To Let on a new lease, flexible terms to be agreed, at a rent of £90,000 per annum plus VAT.Alternatively consideration will be given to a freehold sale at £1,900,000 plus VAT.Buildings InsuranceThe 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 £5,000.Business RatesWe have been informed that the current rateable value is £58,000, rising to £87,500 with effect from 1st April 2026. We estimate that the current rates payable are likely to be in the region of £32,190 per annum. (rising to approx. £42,000 from 1st April 2026.)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 (75) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.PlanningWe are advised that the premises have been used for light industrial purposes for the past twenty plus years with no restrictions on noise or working hours. Interested parties are advised to make their own enquiries direct with the local planning authority.VATWe are advised that VAT is applicable on the rent.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 CostsEach 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. ViewingStrictly by appointment via sole agents: Fenn Wright
Request details

Details

  • Price: £1,900,000 /Sale price
  • Reference No.: 89408746

Amenities

  • Home
    • Detached Industrial / Business Premises On A Substantial Fenced & Gated Site
    • Available Flexible Lease Terms or To Purchase
    • Approx. 1.3 Acre Self Contained Site
    • Warehouse / Storage Areas With Loading Doors
    • Offices & W/C Facilities
    • Ample On Site Car Parking Spaces
    • Easy City Centre Access & Close To A12/A120

Location

Marketed by:

  • Fenn Wright, Colchester Business Park Commercial Sales Lettings
Request details

Frequently Viewed

This Commercial/Industrial for sale is located at Colchester CO1. The home has . This Commercial/Industrial in Colchester Essex is for sale for £1,900,000 /Sale price.

Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.


Viewed 0 times.