Property Features

Location:
Tollgate Business Park, Stanway, Colchester, CO3 8AB
Unit 5, Tollgate Business Park, Stanway
To Let £33,900 Per Annum
Property Type
Offices

About the Property

    LOCATION
    Tollgate Business Park adjoins the Tollgate Retail Park, approximately three miles to the west of Colchester Town Centre.

    There is immediate access to the A12 at Junction 26 providing excellent transport links to the major motorway networks as well as London Stansted Airport, Harwich International Port and the Port of Felixstowe.

    The nearest train station is Marks Tey from which the average journey time to London Liverpool Street station is 50 minutes.

    Sainsbury’s supermarket, Marks & Spencer, Greggs, Aldi supermarket, Costa Coffee, Starbucks Coffee McDonalds and KFC are all within walking distance of the property.

    DESCRIPTION
    Units 1-7 Tollgate Business Park is a modern office development constructed in 2013, comprising 7 offices, each extending to 1,700 sq. ft. The offices are open plan, constructed with double height interior and large double glazed windows to maximize natural light. There is the potential for a mezzanine floor to create additional floor space.

    Unit 5 Tollgate Business Parke benefits from air-conditioning, thermos electric opening roof lights, suspended ceiling, raised access flooring with carpet tiles, fully fitted accessible WC facilities, kitchen and glazed meeting room.

    The existing Tenant is willing to leave the current furniture and monitors in situ, subject to separate negotiation.

    ACCOMMODATION
    Open plan office
    Glazed meeting room
    Total Net Internal Area = 1,695 sq. ft. (157.5m2)

    Car Parking
    8 allocated spaces
    Shared visitor spaces
    Additional overflow car park

    TERMS
    The premises are available to let by way of Lease Assignment, with the salient terms summarised as follows:
    Rent: £33,900 plus VAT per annum exclusive.
    Full Repairing and Insuring Lease Terms.
    Expiry 25th October 2031 (approx. 8 years remaining).
    Rent Review on 26th October 2026.
    Tenants only option to terminate the lease on 26th October 2026.
    Contracted outside provisions 24 – 28 of the Landlord & Tenant Act 1954.
    A copy of the lease is available upon request.

    OUTGOINGS
    The property has a Rateable Value of £30,750 as of 01 April 2023.
    We estimate the business rates payable to be in the region of £15,344.25 per annum.
    Interested parties are advised to make their own enquiries with Colchester City Council Business Rates Department.

    VAT
    VAT
    All rents and prices are exclusive of VAT under the Finance Act 1989.

    LEGAL COSTS
    Each party will bear their own legal costs.

    SERVICE CHARGE
    A service charge is payable to include but not exclusive to ; external window cleaning, waste management, maintenance of the communal areas, lighting, security, car park, and landscaping. The Service Charge for the year 2023 is estimated at £1,916 plus VAT per annum.

    OTHER
    Energy Performance Certificate (EPC)
    The property has Energy Performance Rating of C – 60. A copy of the EPC and recommendation report is available upon request.

    VIEWING
    Strictly by prior appointment with the sole agents Nicholas Percival Chartered Surveyors.
    FAO: Billy Coe MRICS
    REF: C4582

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