Forest Road, Loughton, Essex

** COMMERCIAL INVESTMENT FOR SALE ** - 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. The premises comprise an extended and refurbished ground floor commercial unit of 1,567 sq ft (145.6 sq m) which is currently occupied by a hairdressing academy. At first floor level is a self-contained one bedroom flat. The whole premises are let to The London Hairdressing Apprenticeship Academy on a 10 year lease from March 2022. The current rent is £47,410 plus VAT per annum and there is a 5 year tenant's break clause. Please call CLARKE HILLYER on for further information.

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.

Business Rates - 2017 Rateable Value: £27,000
2021-22 UBR: 0.499 P/£
2021-22 Rates Payable: £13,473
Interested parties are advised to ascertain current rate liability with the Local Authority.

Legal Costs - Each party to pay their own.

Viewings - Strictly via sole agents Clarke Hillyer, tel .

Epc - The premises have an Energy Performance Certificate rating of C.

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.