Cowdray Trade Park Cowdray Ave 4,635 SF of Industrial Space Available in Colchester CO1 1BX

*NEW LETTING INCENTIVES AVAILABLE*Prominent trade counter/warehouse premises, next door to Grahams Builders Merchants and MKM. The property is built of a steel portal frame construction with brick and clad elevations beneath a pitched and insulated roof. The unit comprises an L-shaped, open-plan warehouse space with two large electrically operated loading doors at the rear and a glazed personal entrance at the front. Specification includes LED lighting, an intruder alarm and three phase power (not tested). Eaves height approx. 5.4m and apex 6.4m.The unit is attached to the neighbouring business Grahams Builders Merchants, and has a shared forecourt for parking.Note: No WC facilities are currently installed. This is to be agreed with the new sub-tenant.LOCATIONThe property is located off Cowdray Avenue (A133) with access via Mason Road which forms part of Cowdray Trade Park, an established commercial centre on Colchester's inner ring road system. Colchester's mainline railway station lies a short distance to the north of the premises and are directly opposite Colchester's leisure complex. The A12 trunk road is located 1.5 miles (2.4km) away.Neighbouring occupiers include; Graham Plumbers Merchant, MKM Builders Supplies, Denmans, Howdens, Dulux Decorators Centre and The Range.ACCOMMODATION [Approximate Gross Internal Floor Areas] Total: 4,635 sq ft [430.6 sq m] approxTERMS The premises are available to let on a new effective full repairing and insuring sub-lease, with lease length and terms to be agreed, up to 2032 (or 2037 subject to a mutual break option in 2032).The rent is £53,500 per annum plus VAT.*Generous letting incentives available. Subject to terms and covenant. Further information available upon request.SERVICE CHARGEThe tenant will be responsible for paying a fair proportion of the reasonable and proper estate service charge. Approximate cost for the current year is £1,111 plus VAT.BUSINESS RATES We are advised that the premises have a combined rateable value, with effect from the 1st April 2023, of £97,500.The units are being individually assessed and further information will be made available soon. However, based on the current assessment a guesstimate would fall in the region of a £15,655 rates payable.We recommend all parties make their own direct enquiries with the local rating authority.BUILDINGS INSURANCEThe 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 £1,170 plus VAT.ENERGY PERFORMANCE CERTIFICATE [EPC] We have been advised that the premises fall within class B(44) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request. VATVAT will be applicable on the rent and service. All rents and prices are exclusive of VAT under the Finance act 1989.LEGAL COSTSEach party will bear their own legal costs. ANTI-MONEY LAUNDERING REGULATIONS Anti-Money Laundering Regulations require Fenn Wright to verify the identity, private residence and source of funds (where applicable) of prospective purchasers and tenants prior to solicitors being instructed. An administration fee is payable, and further details are available upon request.VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:Fenn WrightContact: T:[use Contact Agent Button]E: [use Contact Agent Button]