1 Challenge Way, Colchester, Essex, CO1

An end of terrace premises with brick elevations under a pitched tiled roof.

A personnel door on the front elevation leads to an office / reception area with separate tea point and two WC's, additional office area and meeting room/ directors office with a first floor office / showroom area (with air conditioning - not tested).

We are advised that fibre broadband provides speeds of approx. 70mb download and 18mb upload.

There is car parking to the side for around 4 cars.


ACCOMMODATION
[Approximate Gross Internal Floor Areas]

Ground Floor: 705 sq ft [65.5 sq m] approx.
First Floor: 690 sq ft [64.1 sq m] approx.
Total: 1,395 sq ft [129.6 sq m] approx.


TERMS
The premises are available to let on a new full repairing and insuring lease, with lease length and terms to be agreed, at a rent of £15,000 per annum plus VAT.


SERVICE CHARGE
A service charge will be applicable to cover costs of; repairs and maintenance, along with landscaping, of the communal areas. Approximate cost for the current year is £TBC plus VAT.


BUSINESS RATES
The premises are yet to be individually assessed. We are advised that the premises have a rateable value, as a whole and with effect from the 1st April 2023, of £16,250. Estimated rateable value to be in the region of £8,000 however this is subject to assessment and therefore not to be relied upon.
Interested parties are advised to make their own enquiries.


BUILDINGS INSURANCE
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. For the current year the approximate cost is £TBC plus VAT.


ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class D (100) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request.


VAT
VAT will be applicable on the rent and service. All rents and prices are exclusive of VAT under the Finance act 1989.


LEGAL COSTS
Each party is to be responsible for their own legal costs.


PLANNING
We are advised that the premises benefit from planning consent for use as a motorcycle workshop and ancillary retail, which was granted in 2002.

Alternative uses will require a change of use and we recommend that prospective occupiers make their own planning enquiries direct with Colchester District Council.

VIEWINGS STRICTLY BY APPOINTMENT
VIA SOLE LETTING AGENTS:
Fenn Wright
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