Queens Road, Buckhurst Hill, Essex, IG9
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
- USE CLASSUse class orders: A1 Shops, B1 Business and Class E
A1, B1, E
Key features
- Located in Buckhurst Hills principal shopping destination
- Short walk to Buckhurst Hill (Central Line) Underground Station
- Roadside customer pay & display parking bays
- Possible conversion opportunity (STP)
Description
The property is located midway along Queens Road which is the principal shopping destination for the residents of Buckhurst Hill. Queens Road is synonymous with independent eateries, fashion shops & beauticians. There are numerous parking bays as well as additional parking which is available in a Waitrose Supermarket at the bottom end of the road, close to the underground station.
ACCOMMODATION:
Comprising a ground floor shopfront premises trading as a Gents Barber which extends to approximately 570sq ft (52.95sq m). On the first floor there is a self-contained office comprising a room at the rear & two intercommunicating rooms in the middle/front of the property. There are kitchenette facilities in the rear room & a WC on the landing. The net usable office area is approx 471sq ft (43.75sq m).
The office benefits from having good natural light, GCH & double-glazed windows.
EXISTING TENANCIES & RENTAL INCOMES:
Shop - Let to Behnam Shokri & Ali IL Temis for a term of 15 years from 11th April 2024 subject to five yearly upward only Rent Reviews at a passing rent of £17,000 pax. We understand the Lease is contracted inside the Landlord & Tenant Act.
Office - Let to Beau Loves Limited on a FRI Lease for a term of 10 years from 6th December 2017 without any further rent reviews producing £12,000pax.
The current income is £29,000pax.
FUTURE DEVELOPMENT:
Subject to obtaining vacant possession & any consents which may be required, the 1st floor seemingly offers potential for conversion to a 1 bedroom flat.
TENURE:
Freehold.
PRICE:
Offers are invited in excess of £425,000 to include the benefit of the existing tenancies and incomes derived.
The adjoining properties in our client's ownership are also available, details on request.
ADMINISTRATIVE FEE:
Upon terms being agreed and prior to Solicitors being instructed, prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.
LEGAL COSTS:
Each party are to be responsible for their own legal costs.
POSSESSION:
Upon completion of legalities if applicable.
Brochures
Queens Road, Buckhurst Hill, Essex, IG9
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Buckhurst Hill Station0.2 miles
- Roding Valley Station0.6 miles
- Loughton Station1.2 miles
About Bennett Phillips Luton, Essex
Fourth Floor Islandbridge House 188 High Road, Loughton, Essex, IG10 1DN
The commercial agency department provides a comprehensive service to commercial and industrial property owners and occupiers throughout East / Northeast London and Essex. Whether freehold or leasehold, we are active in the disposal of a wide range of property including retail premises, from lock up shops to large showrooms, Offices from small suites to corporate headquarters, light industrial, manufacturing or warehouse/distribution and land for Residential/commercial development or design an
Notes
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