Office for sale in Buckhurst Hill

COMMON USE CLASS: B1 Business

This property is marketed by:
Clarke Hillyer

For sale

• Freehold mixed use building
• Comprising 3 x offices & 1 x flat
• Queens Road location
• Development potential (STPP)

** FREEHOLD MIXED USE BUILDING FOR SALE ** - Situated in the upper section of Queens Road, Buckhurst Hill. Queens Road 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 4-storey building which was previously occupied by a bank. An office is located on the 1st floor, there are 2 offices on the second floor and there is a 2 bedroom flat on the 3rd floor. Please note that the ground floor restaurant and basement have been sold off on a long lease and are not included in the sale. The premises may be suitable for redevelopment and reconfiguration, subject to the necessary consents. In 2014 planning consent was granted to change the 1st floor to residential use, although this has now lapsed.

Location

Situated in the upper section of Queens Road, Buckhurst Hill. Queens Road 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 4-storey building which was previously occupied by a bank. An office is located on the 1st floor, there are 2 offices on the second floor and there is a 2 bedroom flat on the 3rd floor. Please note that the ground floor restaurant and basement have been sold off on a long lease and are not included in the sale. The premises may be suitable for redevelopment and reconfiguration, subject to the necessary consents. In 2014 planning consent was granted to change the 1st floor to residential use, although this has now lapsed. The premises would suit a variety of uses and are more particularly described as follows:

First Floor: Office: 715 sq. ft (66 sq. m); Kitchen: 84 sq. ft (7.8 sq. m); Store: 34 sq. ft (3.2 sq. m), w/c.

Second Floor: Office 1: 475 sq. ft (44.1 sq. m); Kitchen: 25 sq. ft (2.3 sq. m); Store: 34 sq. ft (3.1 sq m); w/c. Office 2: 402 sq. ft (37.3 sq. m); Kitchen: 35 sq. ft (3.3 sq. m), w/c.

Third Floor: 2 bedrooms; living room; kitchen; bathroom/w/c.

All measurements quoted are approximate only.

Terms

The freehold interest is available, subject to vacant possession, for £875,000.

Business Rates

Epping Forest District Council have informed us of the following:

1st Floor: 2017 Rateable Value:

£12,250, 2021-22 UBR: 0.499 P/£, 2021-22 Rates Payable: £6,112.75.

2nd Floor: 2017 Rateable Value:

£9,100, 2021-22 UBR: 0.499 P/£, 2021-22 Rates Payable: £4,540.90.

2nd Floor: 2017 Rateable Value:

£11,250, 2021-22 UBR: 0.499 P/£, 2021-22 Rates Payable: £5,613.75.

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