Commercial investment property for sale in Loughton

This property is marketed by:
Clarke Hillyer

Key Features

• Freehold commercial investment
• Let to The London Hairdressing Apprenticeship Academy
• Current income £47,410 per annum

Location

Situated on Forest Road, Loughton, which is just off the High Road. The High Road is home to many banks and cafes/restaurants as well as a number of multiple retailers such as Marks and Spencer, Magnet Kitchens and Robert Dyas. Public parking is available on Forest Road, and there are also car parks in the vicinity. Loughton Station (Central Line) provides services to London. Access to the motorway network is via Junction 26 of the M25 at Waltham Abbey or via Junction 5 of the M11 at Loughton (southbound only).

Description

Comprising an extended and refurbished ground floor commercial unit which is currently occupied by a hairdressing academy. At first floor level is a self-contained flat. The premises are more particularly described as follows:

Shop Width (at shop front): 17'3 ft (5.3 m).

Shop Depth: 95'4 ft (29 m).

Sales Area: 1,567 sq ft (145.6 sq m).

Toilet facilities also included.

First Floor flat comprising bathroom/wc, bedroom and kitchen/diner.

All measurements quoted are approximate only.

Lease

The London Hairdressing Apprenticeship Academy have been in occupation since 2012 and have signed a new 10 year lease, effective from March 2022. The new rent is £47,410 per annum and the lease has a 5 year tenant's break clause.

Terms

The freehold is available, subject to the existing lease, for £835,000 plus VAT.