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184-186 High Road, Loughton, Essex, IG10

£6,625 pcm
£79,500 pa

£32.70 per sq ft

Business rates & charges may apply

Bennett Phillips Luton, Essex
SIZE AVAILABLE

2,431 sq ft

226 sq m

SECTOR

High street retail property to lease

USE CLASSUse class orders: A1 Shops, B1 Business and Class E

A1, B1, E

Lease details

Lease available date:
Ask agent
Lease type:
Long term
Furnish type:
Unfurnished

Key features

  • High Street Location
  • Amongst national occupiers
  • Within a short walk of Loughton (Central Line) underground station
  • 5 demised parking spaces at the rear
  • Prominent frontage
  • Pay & display parking outside
  • Eight temperature control units throughout

Description

RENT REDUCED

Prime Retail Unit with Extensive Frontage

2,431sq ft (225.84sq m)
(may split)

TO LET

* High Street Location
* Amongst national occupiers
* Within a short walk of Loughton (Central Line) underground station
* 5 demised parking spaces at the rear
* Prominent frontage
* Pay & display parking outside
* Eight temperature control units throughout

LOCATION:
The property is centrally situated within the High Road, close to numerous national occupiers who include, The Works, Clarks, W H Smith, Superdrug, Vodaphone, Card Factory, Spec Savers, Wenzels & Magnet. The Towns retail offering is able to draw on customer base from the equally affluent adjoining catchments of Buckhurst Hill & Chigwell. Loughton (Central Line) underground station is within a 5-minute walk, with access to the national & local road network afforded via junction 5 of the M11 which is within a 5-minute drive of the High Road.

ACCOMMODATION:
Comprising a double fronted unit (Class E use), with the potential to create clear space subject to removing the previous tenant's partitions. WC & staff areas are provided to the rear along with 5 demised parking spaces in a private car park immediately behind the unit.

Our client may consider splitting the unit into two. Terms on request.

Approximate floor areas & dimensions are as follows:

GF 44' 9'' (13.63m)
SW 47' 3'' (max) (14.4m)
SD 62' 0'' (18.89m)
Sales area 2,237sq ft (207.82sq m)
Staff room 194sq ft (18.02sq m)
Overall floor area 2,431sq ft (225.84sq m)

LEASE:
A new Full Repairing and Insuring Lease is to be granted for a term to be agreed subject to periodic upward only Rent Reviews. The Lease is to be granted inside the Landlord & Tenant Act.

RENT:
£79,500pax for the entire, paid quarterly in advance. VAT is applicable.

BUSINESS RATES:
Rateable Value 2023-2024: £71,000
Rates Payable 2023-2024: £36,352 per annum

Retail & Leisure premises - From 01/04/25 until 31/03/26 at the earliest, qualifying tenant's will be able to claim relief against full Business rates. During this period, the rate liability will be based on paying 40% of the annual rates payable (RP). Whilst this information is provided in good faith, prospective tenants are advised to make their own enquiries to establish whether they qualify for full or partial rate relief.

ADMINISTRATIVE FEE:
Upon terms being agreed and prior to Solicitor's being instructed, the 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 fees borne in this transaction.

POSSESSION:
Immediate upon completion of legalities.

VIEWING:
Strictly by appointment through sole agents Bennett Phillips Luton | Contact Marc Luton at

Brochures

184-186 High Road, Loughton, Essex, IG10

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Loughton Station0.4 miles
  • Debden Station1.3 miles
  • Buckhurst Hill Station1.4 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 and build projects.

Notes

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Disclaimer - Property reference 186HIGHSTREET. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bennett Phillips Luton, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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