Commercial Property for sale

** RECENTLY REDUCED FREEHOLD INVESTMENT FOR SALE ** - Situated on Queens Road, which is the main commercial and shopping area of Buckhurst Hill. Queens Road comprises numerous boutiques, cafes and restaurants, as well as a variety of independent occupiers. Comprising a ground floor lock-up shop which is used by a beauty business, together with a separate self-contained office at the rear. On the first floor is a flat which is sold off on a long lease. The total income is currently ï½£25,500 plus VAT per annum. Please call CLARKE HILLYER on 020 8501 9220 for further information.
Location - Situated on Queens Road, which is the main commercial and shopping area of Buckhurst Hill. Queens Road comprises numerous boutiques, cafes and restaurants, as well as a variety of independent occupiers. Car parking facilities (pay and display) are available on the street and in the station car park. 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 which is used by a beauty business, together with a separate self-contained office at the rear. On the first floor is a flat which is sold off on a long lease. 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.
Leases - 72 Queens Road: let on a 5 year lease from February 2020. The passing rent is ï½£15,000 plus VAT per annum. Terms have been agreed for a new 5 year lease to commence from February 2025 at a rent of ï½£16,000 plus VAT per annum.
R/o 72 Queens Road: let on a 3 year lease from April 2024. The passing rent is ï½£10,500 plus VAT per annum.
Terms - The freehold is available, subject to the existing leases, for ï½£399,750 plus VAT.
Business Rates - Epping Forest District Council have informed us of the following:
72 Queens Road: 2023 Rateable Value: ï½£15,250.
R/o 72 Queens Road: 2023 Rateable Value: ï½£10,250.
Viewings - Strictly via sole agents Clarke Hillyer, tel 020 8501 9220.
Epc - The premises have an Energy Performance Certificate rating of C.