Clarke Hillyer

Tel: 0208 502 8911

Fax: 020 8524 8200

Email: loughton@clarkehillyer.co.uk

Unit 2, Buckingham Court
Rectory Lane
Loughton
Essex
IG10 2QZ

Queens Road, Buckhurst Hill, Essex

£595,000 Sold (STC)

Shop

  • Virtual freehold investment - 979 years remaining on lease
  • Current income £38,000 per annum
  • Queens Road location

** INVESTMENT FOR SALE ** - Situated in the lower section of Queens Road, which is the main commercial and shopping area of Buckhurst Hill, with numerous cafes and restaurants as well as many multiple and independent traders. Comprising a ground floor lock-up shop with a net usable area of approximately 735 sq ft (68.2 sq m), which has been trading as an estate agency for many years. The premises benefit from 2 rear parking spaces. The current income is £38,000 per annum, Please call CLARKE HILLYER on 020 8501 9220 for further information.

Location

Situated in the lower section of Queens Road, which is the main commercial and shopping area of Buckhurst Hill, with numerous cafes and restaurants as well as many multiple and independent traders. 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 lock-up shop with a net usable area of approximately 735 sq ft (68.2 sq m), which has been trading as an estate agency for many years. The premises benefit from 2 rear parking spaces.

Lease

The premises are let to Edward Taub on a 10 year lease from October 2014. The current rent is £38,000 per annum.

Terms

The premises are held on a virtual freehold basis with 979 years remaining on the lease. The long leasehold of the premises, subject to the existing lease, is available for £595,000.

Business Rates

Epping Forest District Council have informed us of the following:

2017 Rateable Value: £35,750
2020/21 UBR: 0.499 P/£
2020/21 Rates Payable: £17,553.25

All interested parties are advised to verify these figures with the local rating authority.

Legal Costs

Each party to meet their own.

Viewings

Strictly via agents Clarke Hillyer, tel 020 8501 9220.

EPC

The premises have an Energy Performance Certificate rating of D.

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.

Energy Efficiency and Environmental Impact

Energy & Environmental Performance Report

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