Property Features

Location:
Tey Brook Centre, Brook Road, Marks Tey , Essex, CO6 1JE
Tey Brook Centre, Brook Road, Marks Tey
To Let £40,000 Per Annum
Property Type

About the Property

    LOCATION
    Located approximately 6 miles west of Colchester Town Centre, within ¾ mile of the A120 the main Colchester to Stansted Road and approximately 2 miles from the A12.

    Proceed along the A120 from Marks Tey roundabout, taking the first turning on the right hand side after Poplar Nurseries on to Tey Road signposted Wakes Colne. Tey Brook Centre will be found ¾ mile on the right-hand side.

    DESCRIPTION
    The Tey Brook Centre comprising a range of refurbished and modern commercial buildings let to various Tenants. Occupiers include NFU Mutual and Co-operative.
    The Unit comprises a modern office building, completed to a high standard incorporating carpeting, modern lighting, newly fitted kitchen, male and female W.C. facilities. The office extends to approximately 2,745 sq ft and can be let as a whole or Office 1 ground and first floor extending to 2,100 sq ft.

    TERMS
    To be let on a new effective Full Repairing and Insuring Lease.
    2,100 – 2,745 sq ft
    Rent From £30,000 pax to £40,000 pax for the whole

    OUTGOINGS
    The property has a combined rateable value of £24,550. Please note this is not the amount you will pay. The business multiplier for the year 2023/24 where the rateable value is less than £51,000 is £0.499.
    Therefore based on the current combined Rateable Value the rates payable for the year 2023/2024 would be circa £12,250 per year. Interested parties are advised to make their own enquiries with Colchester City Council Rates Department.

    VAT
    The property is elected for VAT therefore VAT is applicable to the rent.

    LEGAL COSTS
    Each party is to be responsible for their own legal fees in relation to any transaction.

    SERVICE CHARGE
    There will be a Service Charge of 10% plus vat of the passing rent for the upkeep of the Estate Road and parking.

    PARKING NOTES
    Includes 15 onsite Car Parking Spaces

    PLANNING
    The premises can be used for E Class to include B1 office use.

    VIEWING
    Strictly by prior appointment with the sole Agents Nicholas Percival.

    Tey Brook Centre, Brook Road, Marks Tey

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