Property Information
Address:
Queens Road, Buckhurst Hill
, IG9 5BD
Price: Property no longer available.
Size: SOA
Primary Category: Shop
All Categories:
Investment, Shop,
Property Ref/Movehut: MH199951
Property Ref/Agent: Queens Road, Buckhurst Hill
*Please use the agent ref when calling the agent directly.
Property description
Description:
FREEHOLD COMMERCIAL INVESTMENT FOR SALE (BUSINESS UNAFFECTED) - The property is located on Queens Road, which is the main shopping area in Buckhurst Hill, Essex. The ground floor comprises a retail unit at the front and a self-contained office at the rear. The front part is let on a 10 year lease from April 2008, with 5 year rent review at £15,250 plus VAT per annum. The rear part is available with vacant possession, or alternatively, the current owner will enter into a sale-and-lease-back arrangement and take the office on a 10 year lease with a 5 year break clause at a rent of £10,000 plus VAT per annum. On the first floor is a flat which is sold off separately.
Location
The property is located on Queens Road, which is the main shopping area in Buckhurst Hill, Essex. Car parking facilities (Pay and Display) are available on the street. Regular train services to Central London are available from Buckhurst Hill Station, which is on the Central Line. Access to the motorway network is via the M11 at Loughton or the M25 at Waltham Abbey.
Description
The ground floor comprises a retail unit at the front and a self-contained office at the rear. On the first floor is a flat which is sold off separately. The accommodation comprises the following approximate floor areas:
Front Retail Section: 467 sq ft (43.3 sq m)
Kitchenette: 28 sq ft (2.6 sq m)
Rear office: 355 sq ft (33 sq m)
Toilet facilities also included in both the shop and office.
All measurements quoted are approximate only.
Lease
Front Shop: Let on a 10 year lease from April 2008, with 5 year rent review. The current rent is £15,250 plus VAT per annum.
Rear Office: Is available with vacant possession, or alternatively, the current owner will enter into a sale-and-lease-back arrangement and take the office on a 10 year lease with a 5 year break clause at a rent of £10,000 plus VAT per annum.
Terms
The ground floor shop and office are available for £325,000 plus VAT.
Business Rates
All interested parties are advised to enquire with Epping Forest District Council.
Legal Costs
Each party is to be responsible for their own legal costs.
EPC
This property has an Energy Performance Certificate Rating of C.
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