184-186 High Road, Loughton, Essex, IG10
- 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
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
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
Notes
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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