Kings Court Newcomen Way 9,518 sq ft Office Property Colchester CO4 9RA £260,000 (£27.32/sq ft)

High Quality Office Investment Opportunity, Available For Sale Freehold - Currently Let at £17,500 per annum.

The office is of brick construction with a pitched tiled roof and double glazed windows and doors. The accommodation is self-contained on the ground floor with two WC's (one accessible) a tea point and a large open plan office area with a separate glazed partitioned office/meeting room.

The specification includes; a suspended ceiling with LED lighting, heating/cooling units (not tested), wall mounted electric heaters, carpeting, perimeter trunking for power/data, fire alarm and intruder alarm.

There is a small loft area, with ladder access, above the W/C area.

There are four allocated car parking spaces plus shared visitor spaces on site.

LOCATION
Kings Court is located on Severalls Park which is strategically positioned to the north of Colchester City Centre directly adjacent to the A12/A120 interchange providing excellent connectivity.

ACCOMMODATION
[Approximate Net Internal Floor Areas]

Total: 901 sq ft [83.7 sq m] approx.

OPPORTUNITY
The premises are let to Change Connect Ltd (Company No: 11928877), who have been trading as a limited company since April 2019, and have occupied the premises since July 2023 on a 5 year lease on FRI terms (lease to expire July 2028). There was a tenant only break option in February 2026 which was not exercised. The tenants have an Experian rating of 100/100 - 'very low risk'. Further information is available upon request.

TERMS
The premises are available For Sale Freehold, subject to the existing lease, at a guide price of £260,000 plus VAT.

SERVICE CHARGE
There is a service charge applicable to cover; maintenance of the estate communal areas, landscaping, lighting and car parking areas. The tenant is responsible for paying the service charge under the terms of the lease. The approx. cost for the current year is £731.40 plus VAT.

BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2026, of £17,500. We estimate that the rates payable are therefore likely to be in the region of £7,560 per annum.
Interested parties are advised to make their own enquiries. The tenant is responsible for this cost under the terms of the lease.

BUILDINGS INSURANCE
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. The approx. cost for the current year is £326.34 plus VAT.

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class C (58) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.

VAT
VAT will be applicable on the price. All rents and prices are exclusive of VAT under the Finance Act 1989.

LEGAL COSTS
Each party will bear their own legal costs.

ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.

VIEWINGS STRICTLY BY APPOINTMENT
VIA SOLE SELLING AGENTS:

Fenn Wright

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