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For Sale: £595,000
To Let: £37,500 pa

Let

80 Magdalen Street, Colchester, Essex, CO1

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  • Area

    area
    4387Sq Ft

Location
The property is situated on the south side of Magdalen Street approximately 1/2 a mile east of Colchester town centre. Magdalen Street is one of the principal routes for traffic into the town centre and adjoining high profile occupiers include a Tesco and a Ford main dealership.

Colchester is a sub regional centre and the principal town serving the north east Essex area, it is both a university and garrison town with a population in excess of 100,000. The A12 provides excellent road communications and the A120 is also accessible just south of the town at Marks Tey.

From Colchester North Station there are frequent train services to London's Liverpool Street Station, the fastest journey time taking approx. 55 minutes.

Description
The property comprises a light industrial / warehouse building set towards the rear of a rectangular plot extending to approx. 0.21 of an acre.

The building is of steel portal frame construction with brick elevations, under a pitched roof, incorporating translucent roof lights, with a minimum eaves height of 3.7m and pitch height of 4.6m. There is a trade counter / office area to the front with W/C facilities along with an additional first floor office area, stores and mezzanine floor.

To the front of the building there is a covered loading bay and generous tarmac surfaced customer parking.

Accommodation
(Approximate gross internal measurements)
Warehouse 2,872 sq ft (266.8 sq m)
Offices / Facilities 833 sq ft (77.4 sq m)
First Floor Storage 360 sq ft (33.4 sq m)
Mezzanine Floor 322 sq ft (29.9 sq m)
Total 4,387 sq ft (407.6 sq m)

Covered Loading Bay 362 sq ft (33.6 sq m)

Terms
The premises are available to let on a new full repairing lease, with lease length and terms to be agreed, at a rent of £37,500 per annum.

Alternatively the premises are available for sale freehold at £595,000 plus VAT.

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

Buildings Insurance
The landlord is to arrange the building insurance recover the cost from the tenant.

The approximate cost for the current year is £TBC.

Business Rates
We have been informed that the rateable value is £19,250. We estimate that the rates payable are likely to be in the region of £9,265 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 E (104) 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.

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

Features

  • Light Industrial / Trade Counter / Warehouse Premises
  • Prominent Location, Close to Town Centre
  • Warehouse & Mezzanine Floor
  • Trade Counter, Offices & W/C's
  • Covered Loading Area
  • Large Forecourt Providing Generous Car Parking

Floor plan

Floorplan Image

Floorplan Image

Map

Call

Michael Moody

01206 854545
Make an enquiry

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