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For Sale: £230,000

Sold

C39 Moorside Business Park, Moorside, Colchester, Essex, CO1

Property Image
Property Image
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  • Area

    area
    1825Sq Ft

The unit is of steel portal frame construction under a pitched and insulated roof, incorporating translucent roof lights, with part brick and part insulated clad elevations. Eaves height of approx. 4.2m, and pitch 6.76m.

The unit benefits from an electric roller shutter loading door, three phase power, office, kitchenette and W/C facilities along with a split level mezzanine floor.

Externally, there are three allocated car parking spaces.

Accommodation
(Approximate gross internal measurements)
Warehouse 1,233 sq ft (114.6 sq m)
Office & Facilities 239 sq ft (22.2 sq m)
Mezzanine (Split Level) 353 sq ft (232.6 sq m)
Total 1,825 sq ft (169.6 sq m)

Terms
Offers are requested in excess of £230,000 for the freehold interest. We are advised that VAT is applicable.

Title Number: EX822424.

Tenancy
The unit is currently let by way of a full repairing and insuring (FRI) lease for a term of five years from December 2019, at an annual rent of £12,500 (payable monthly in advance). The lease is subject to an open market rent review in December 2022, and there is a mutual rolling six month break option. A copy of the lease is available upon request.

Business Rates
We have been informed that the rateable value is £10,750.

For rateable values below £12,000 100% rate relief may be available, subject to eligibility. We recommend all parties make their own direct enquiries with the local rating authority.

Energy Performance Certificate (EPC)
We have been advised that the premises fall within class C (69) 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.

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.

Viewing
Strictly by appointment via sole agents:

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

Features

  • Freehold Industrial Investment Opportunity
  • Let On A Five Year Lease (Expiring 2024)
  • Predominantly Open Plan Layout
  • Offices, Kitchenette & Mezzanine Storage
  • Three On Site Car Parking Spaces
  • Close To Town Centre & Good Links To A12/A120

Floor plan

Floorplan Image

Floorplan Image

Map

Call

Michael Moody

01206 854545
Make an enquiry

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