TO LET - 12,368 ft² Warehouse in Coggeshall - Excellent Transport Links
Description
The property comprises an industrial/warehouse building of steel portal frame construction with a mix of blockwork and metal cladding to the lower elevations with asbestos sheet cladding to the upper elevations and roof. The industrial/warehouse area is split into two areas with a blockwork and corrugated clad wall dividing the two areas, with an inset roller shutter loading door.
The front industrial/warehouse area comprises an open plan area with concrete floor with an eaves height of 2.9m (to the under haunch) with two electric roller shutter doors, measuring 4.49m (W) x 4.72m (H) and 4.55m (W) x 4.72m (H) and with fluorescent strip lighting. The rear industrial/warehouse area comprises a concrete floor, a single electric roller shutter in the rear elevation measuring 6.12m (W) x 4.77m (H) with fluorescent strip lighting and inset translucent panels to the roof, with 2.9m eaves (to the under haunch).
To the side of the property is a single storey lean-to extension which provides a lobby/reception area, an open plan office, kitchenette and a disabled and unisex toilet.
Externally there is a forecourt loading area to the front and rear of the property together with a large enclosed yard area to the right hand side.
Business Rates
From an internet search of the Valuation Office Agency website (www.voa.gov.uk) we understand that the premises have a Rateable Value of £30,500 (1st April 2023 Listing). For the current year April 2023/24 business rates are normally payable at the rate of 51.2 in the £, resulting in rates payable of £15,616.
Service Charge & Building Insurance
The tenant will be responsible for reimbursing the Landlord the costs of maintaining common parts of the estate and the buildings insurance premium.
Terms
The property is available to let on a new full repairing and insuring lease for a term by negotiation at an initial rent of £80,000 pax.
The property is opted for tax and as such VAT will be payable on the rent and all outgoings.
Legal Costs
Each party to bear their own legal costs incurred in the transaction.
Name | sq ft | sq m | Availability |
---|---|---|---|
Unit - Warehouse | 11,829 | 1,098.95 | Available |
Unit - Office | 539 | 50.07 | Available |