Industrial for sale

** LIGHT INDUSTRIAL/OFFICE BUILDING FOR SALE ** - The property is located off Rectory Lane, to the north of Loughton Town Centre. Access to the motorway network is via Junction 5 of the M11 (southbound) at Debden or Junction 26 of the M25 at Waltham Abbey. Comprising a unique office/light industrial building, totaling approximately 5,803 sq ft (539.1 sq m), which is currently divided into 2 self-contained units. Unit A is currently used as a martial arts studio while Unit B is used as a warehouse with offices and showroom, although both units would be suitable for a variety of uses. The property benefits from forecourt parking. Planning consent has been granted (Ref: EPF/0829/23) for the demolition of the existing building and the construction of five new commercial units (including workshop, showroom and office space), together with parking and landscaping. Please call CLARKE HILLYER on 020 8501 9220 for more information.
Location - The property is located off Rectory Lane, to the north of Loughton Town Centre. Access to the motorway network is via Junction 5 of the M11 (southbound) at Debden or Junction 26 of the M25 at Waltham Abbey. Debden and Loughton Underground Stations are on the Central Line and provide regular train services into Central London and out to Epping. The area is also served by local buses.
Description - Comprising a unique office/light industrial building which is currently divided into 2 self-contained units. Unit A is currently used as a martial arts studio while Unit B is used as a warehouse with offices and showroom, although both units would be suitable for a variety of uses. The property benefits from forecourt parking and the accommodation is more particularly described as follows:
Unit A (including studio, offices & w/c): approximately 2,680 sq ft (249 sq m).
Unit B (including warehouse, offices, showroom, w/c & kitchenette: approximately 3,123 sq ft (290.1 sq m).
Total: approximately 5,803 sq ft (539.1 sq m).
Planning - Planning consent has been granted (Ref: EPF/0829/23) for the demolition of the existing building and the construction of five new commercial units (including workshop, showroom and office space), together with parking and landscaping.
Lease - Unit A is let out on an 8 year lease from November 2023. The current rent is ï½£40,000 per annum, increasing to ï½£42,500 from November 2026. After November 2027 both landlord and tenant can terminate the lease with 6 months' notice.
Unit B is currently owner-occupied but could potentially be let for more rent than Unit A due to its size.
Terms - The premises are available, subject to the existing lease on Unit A and with vacant possession of Unit B, for ï½£1,650,000.
Business Rates - Epping Forest District Council have informed us of the following:
Unit A 2026 Rateable Value: ï½£28,500
Unit B 2026 Rateable Value: ï½£32,000
Interested parties are advised to confirm current rate liability with the Local Authority.
Viewings - Strictly via agents Clarke Hillyer, tel 020 8501 9220.
Epc - The premises have an Energy Performance Certificate rating of D.