Property Features

Location:
Newcomen Way, Severalls Business Park, Colchester, Essex, CO4 9YA
Newcomen Way, Severalls Business Park
To Let £70,540 Per Annum
Property Type
Offices

About the Property

    LOCATION
    The property occupies a prominent position within Charter Court, a development of office buildings with landscaping and car parking located off Newcomen Way on Colchester Business Park.

    Severalls Industrial Estate/Colchester Business Park comprises an established 195-acre business park strategically located circa. 2.5 miles to the north-east of the Town Centre and adjacent to the A12/A120 Crown Interchange roundabout. The estate has good road links to the national motorway network, Ipswich, London, Stansted Airport and the Haven Ports.

    The estate is a modern, well-planned industrial and warehouse park, together with B1 office users. Occupiers on the estate include a wide range of both international, national and regional companies such as Betts UK, Anglian Crown Catering, Care UK, VegTrug, DHL, Euro Car Parts, Toolstation, Screwfix, Reeman Dansie Auctioneers, Fisher Jones Greenwood LLP and Scrutton Bland.

    DESCRIPTION
    The property comprises a modern, detached, two-storey office/medical health facility building constructed in the late 1990’s. The building has brick elevations beneath a pitched roof with double-glazed aluminium / composite window frames.

    Glazed double doors provide access to the entrance foyer with stairs and fully serviced passenger lift to the first floor accommodation. The property benefits from WC facilities at both ground and first floors and a kitchenette.

    The first floor features a mix of open plan and cellular office / treatment rooms with glazed partitions providing further office / meeting spaces. There are suspended ceilings, LED lighting, AC cassettes (not tested) and gas central heating (new gas boiler installed in 2021). There is also a backup oil generator which supports the ground floor.

    Externally, the property benefits from 25 car parking spaces.

    ACCOMMODATION
    Ground Floor 135.83m2 1,462 sq. ft.

    First Floor 177.31m2 1,909 sq. ft.

    TOTAL 313.14m2 3,371 sq. ft.

    TERMS
    The property is available to let by way of either a sub-lease or an assignment. The existing lease is on full repairing and insuring terms, expiring 27th April 2027 (approx. 4-years and 5-months remaining). The passing rent is £70,540 pax plus VAT and is subject to an index-linked rent review in April 2023. A sub-lease would be contracted outside of sections 24-28 of the Landlord and Tenant Act 1954.

    OUTGOINGS
    We are advised that the offices have a Rateable Value of £56,500. Estimated rates payable for the current year (2022/23) are circa. £28,350.

    Interested parties should make their own enquiries with Colchester Borough Council Rates Department.

    VAT
    Value Added Tax is applicable to all rents and service charges for the property.

    SERVICE CHARGE
    A service charge is applicable to cover the maintenance and landscaping of the estate and any communal areas.

    PARKING NOTES
    Externally, the property benefits from 25 car parking spaces.

    OTHER
    The property has an energy rating of C, valid until 25th April 2026. Further information can be found on the GOV.UK EPC Register.

    VIEWING
    Strictly by prior appointment with the joint agents Nicholas Percival Chartered Surveyors and BGL Partners:

    Newcomen Way, Severalls Business Park

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