Aster House, Lanswoodpark, Elmstead Market, Colchester, CO7 7FD

Location

Aster House is built to a high standard of specification to include; clad and rendered elevations, double glazed aluminium windows and doors, suspended ceilings with recessed LED lighting, air sourced air conditioning and ventilation, raised access floors, fire alarm systems, kitchenettes & W/C facilities.

The ground floor offices benefit from their own private personnel doors, whilst access to the first floor offices are via a communal personnel door at ground level, with stairway and lift access to the first floor suites.

Externally, there are allocated car parking spaces for each suite, plus ample additional visitor parking available on site. Additional allocated spaces are available by negotiation.

There is also an on-site café.

Accommodation
Requirements from approx. 1,185 sq ft net internal can be accommodated. Each building is circa 9,860 sq ft with 4,930 sq ft per floor. Offices to be handed over in an open plan layout ready for the tenants / owners fit out. See table below for indicative sizing and pricing. We are advised that VAT is applicable.

2, Ground Floor: 1,185 sq ft [110.1 sq m] approx. UNDER OFFER
4, Ground Floor: 1,220 sq ft [113.3 sq m] approx. £325,000 or £20,000 pa To Let (6 parking spaces)
6, First Floor: 1,255 sq ft [116.6 sq m] approx. £335,000 or £20,000 pa To Let (6 parking spaces)
7, First Floor: 1,235 sq ft [114.7 sq m] approx. £335,000 or £20,000 pa To Let (6 parking spaces)

Terms
The offices are available for sale on 199-year ground leases at an initial peppercorn rent. Prices as outlined above. (subject to contract)

Alternatively the offices are available to let on new full repairing and insuring leases, lease length and terms to be agreed. Rents from £20,000 per annum (plus VAT). Further details available upon request.

We are advised that VAT will be applicable.

Service Charge
A service charge is applicable to cover the costs of the maintenance and repair of the external communal areas, exterior lighting, security, car park and landscaping.

Approx. cost for the current year is £4.30 per sq ft (plus VAT).

Buildings Insurance
This will be arranged by the landlord with the cost to recovered from the occupiers of the building.

VAT
We have been advised that VAT is applicable on the rent and purchase price.
Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.

Business Rates
The available offices are still pending individual assessments.
However, based on assessments for other offices within Aster House, rateable values are likely to be in the region of £12.50 - £16.50 per sq ft, therefore rates payable likely to be in the region of £6.20 - £8.20 per sq ft per annum.
Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities in this direction.

Energy Performance Certificate (EPC)
We have been advised that the offices fall within classes A & B (24-27) of the energy performance assessment scale.
The EPC assessments and recommendation reports are available from our office upon request.

Viewings Strictly By Appointment Via Sole Agents:
Fenn Wright
01206 85 45 45
Colchestercommercial@fennwright.co.uk

Summary

Key points

• New Build High Specification Offices
• LED Recessed Lighting & High Speed Broadband
• Raised Access Floors
• Air Sourced Air Conditioning & Heating
• Generous On Site Car Parking
• Easy Access to A120
• Contact

Fenn Wright
Tel: 01206 854545
Edward Nolan
ejn@fennwright.co.uk