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For Sale: £3,250,000
To Let: £200,000 pa

Glyn Hopkin Site, Ipswich Road, Colchester, Essex, CO4

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  • Area

    area
    17973Sq Ft

The premises are comprised of a two storey steel framed building, with over clad brick elevations and extensive glazing to the dual franchised showroom areas. Due to the site levels, the showrooms are at upper ground floor level, with the workshops at lower ground floor level. The showroom accommodation is located to the front of the premises, with workshop, part stores, administrative offices and valeting services to the rear. The showroom has capacity for 13-15 vehicles, with the workshop (two large loading doors) accommodating ten vehicle bays, and an MOT bay.

Externally, the site is laid principally to hard standing and provides for vehicle display, parking and storage for in excess of approx. 150 vehicles.

Accommodation
(Approximate gross internal measurements)
Showrooms & Ancillary Offices & Facilities 10,100 sq ft (938.3 sq m)
Workshop & Ancillary Facilities 7,873 sq ft (731.4 sq m)
Total 17,973 sq ft (1,669.7 sq m)

Terms
The premises are available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £200,000 per annum.

Consideration is to be given to a freehold sale. Offers are invited in excess of £3,250,000.

We are advised that VAT is applicable.

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

Buildings Insurance
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant.

Business Rates
We have been informed that the rateable value is £205,000. We therefore estimate that the rates payable are likely to be in the region of £102,500 per annum.

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

Energy Performance Certificate (EPC)
A full copy of the EPC assessment and recommendation report will shortly be 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 agents Fenn Wright.

Features

  • Highly Prominent Business Premises Suitable For Various Uses (STP)
  • Available Due to Relocation
  • Currently A Dual Franchised Car Dealership Facility
  • Potential For Various Uses (STP)
  • Site Area of Approx. 1.3 Acres (0.54 Hectares)
  • Located Adjacent to BMW & MINI Dealerships
  • Immediate Access to A12 / A120 Link Roads

Map

Call our

Development team on

01206 854545
Make an enquiry

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