Property Information
Address:
24, Queens Road, Buckhurst Hill
, IG9 5BY
Price: Property no longer available.
Size: SOA
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH475790
Property Ref/Agent: 18170_25870207
*Please use the agent ref when calling the agent directly.
Property description
FREEHOLD INVESTMENT FOR SALE - Situated opposite Waitrose in the lower section of Queens Road, which is the main commercial and shopping area of Buckhurst Hill. Comprising a ground floor shop with basement which has traded as 'Legends Cafe' for many years. The upper parts are sold off on a long lease. The ground floor and basement are held on a 20 year lease from September 2015 at a rent of £23,000 per annum. Please call CLARKE HILLYER on for further information.
Location - Situated opposite Waitrose in the lower section of Queens Road, which is the main commercial and shopping area of Buckhurst Hill. Car parking facilities (pay and display) are available on the street. Buckhurst Hill Underground Station is on the Central Line and provides a regular service into Central London and out to Epping. Access to the motorway network is via the M11 at Loughton or the M25 at Waltham Abbey.
Description - Comprising a ground floor shop and basement which has traded as 'Legends Cafe' for many years. The upper parts are sold off on a long lease. The accommodation is more particularly described as follows:
Seating Area: 502 sq ft (46.6 sq m)
Rear Kitchen: 130 sq ft (12.1 sq m)
Basement: 487 sq ft (45.2 sq m)
2 toilets also included.
All measurements quoted are approximate only.
Leases - The ground floor and basement are held on a 20 year lease from September 2015 and the current passing rent is £23,000 per annum. The lease is subject to 5 yearly reviews and no break clauses. The upper parts are sold off on a 125 year lease from 1986. The ground rent is currently £80 per annum.
Terms - Offers in excess of £380,000 are sought for the freehold interest, subject to the existing lease.
Business Rates - Epping Forest District Council have informed us of the following;
2010 Rateable Value: £19,750.00
2015/2016 UBR: £0.493
2015/2016 Rates Payable: £9,736.75
All interested parties are advised to verify these figures with the local rating authority.
Legal Costs - Each party is to be responsible for their own legal costs.
Viewings - Strictly through sole agents Clarke Hillyer on .
Epc - This property has an Energy Performance Certificate rating of B.
Whilst we at Clarke Hillyer endeavour to ensure the accuracy of property details produced and displayed, we have not tested any apparatus, equipment, fixtures and fittings or services so cannot verify that they are connected, in working order or fit for purpose. Neither have we had sight of the legal documents to verify the Freehold or Leasehold status of the property. Please be advised that any plans provided are to indicate the layout of the property, are not to scale and for guidance purposes only. Any interested parties are advised to obtain verification from their solicitor or surveyor.
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