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To Let: £26,000 pa

Let

17 De Grey Square, De Grey Road, Colchester, Essex, CO4

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  • Area

    area
    1492Sq Ft

Location
De Grey Square is an office development located off Severalls Lane adjacent to Colchester Business Park with easy access to the A12/A120 (junction 28). Colchester Town Centre and mainline railway station (Liverpool St approx. 55 mins) is approximately two miles.

Description
An end terrace, two storey, office building which is presented to a high standard to include; air conditioning, lighting, carpeting, perimeter trunking, suspended ceilings, comms cupboard, ground and first floor tea points and W/C's, intruder alarm and network cabling.
Both the ground and first floor benefit from being predominantly open plan but with the addition of a glazed partitioned meeting room / office area.
Externally there are six car parking spaces and an electric car charging point (Rolec).

Accommodation
(Approximate net internal measurements)
Ground Floor Approx. 761 sq ft 70.7 sq m
First Floor Approx. 731 sq ft 67.9 sq m
Total Approx. 1,492 sq ft 138.6 sq m

Terms
The premises are available to let by way of an assignment of the existing ten year FRI lease which expires March 2029. There is a mutual break option in March 2023 (and two yearly thereafter) and the first rent review in March 2022. The current passing rent is £26,000 per annum plus VAT.
Further details on the lease terms are available upon request.
Alternatively a new sub lease, until March 2023, may be available subject to negotiation.

Service Charge
A service charge is applicable to cover; maintenance of the estate communal areas (cctv, barrier), landscaping, lighting and car parking areas, estate signage, waste refuse and window cleaning.
Approx. cost for the current year is £839.00.

Buildings Insurance
The landlord will arrange the buildings insurance and will recover the cost from the tenant.
The approx. cost for the current year is £170.00.

Business Rates
We have been informed that the ground and first floor combined rateable value is £17,800.
We estimate that the rates payable are likely to be in the region of £8,740 per annum.
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 B (31) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.

VAT
All rents and prices are exclusive of VAT under the Finance Act 1989. We are advised that VAT is applicable on the rent.
Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.

Legal Costs
Each party will bear their own legal costs.

Viewing
Strictly by appointment via sole agents:
Fenn Wright - Michael Moody
Tel: 01206 85 45 45
Email: colchestercommercial@fennwright.co.uk

Features

  • High Quality Office Building With Excellent A12 Access
  • Two Storey Office Building
  • Air Conditioning & Two Meeting Rooms
  • Kitchenette & Tea Point Facilities
  • Predominantly Open Plan Layout
  • Six On Site Car Parking Spaces

Map

Call

Michael Moody

01206 854545
Make an enquiry

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