London property company Clarke Hillyer is marketing an attractive freehold investment opportunity in the main commercial and shopping area of Buckhurst Hill.
Situated directly opposite Waitrose in the lower section of Queens Road, the property comprises a ground floor retail unit and basement, and has an asking price in excess of £380,000.
The ground floor and basement, which has traded as Legends Café for many years, are held on a 20 year lease from September 2015, with a current passing rent of £23,000 per annum.
The lease is subject to five yearly reviews with no break clauses. The upper parts of the building were sold on a 125 year lease in 1986 and the current ground rent is £80 per annum.
The Business Rates payable for 2015/2016, provided to Clarke Hillyer by Epping Forest Council, are £9,736.75. The property has an Energy Performance Certificate (EPC) rating of B.
Viewings are strictly through the sole agent Clarke Hillyer on 0290 8501 9220
Photo: Clarke Hillyer
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