Queens Road, Buckhurst Hill

** INVESTMENT/DEVELOPMENT OPPORTUNITY FOR SALE ** - Situated on Queens Road which is the main commercial and shopping area of Buckhurst Hill, comprising numerous boutiques, cafes and restaurants, as well as a variety of independent occupiers. Buckhurst Hill Underground Station is on the Central Line and provides a regular service into Central London and out to Epping. Challenge House comprises 2 ground floor retail units with self-contained office suites situated on the first floor. At the rear of the property is a car park which provides vehicular access to Back Lane as well as allocated parking for the tenants. The premises may be suitable for reconfiguration/redevelopment, subject to gaining the necessary consents. Please call CLARKE HILLYER on for further information.

Location - Situated on Queens Road, which is the main commercial and shopping area of Buckhurst Hill. Queens Road comprises numerous boutiques, cafes and restaurants, as well as a variety of independent occupiers. Car parking facilities (pay and display) are available on the street and in the station car park. Buckhurst Hill Underground Station is on the Central Line and provides a regular service into Central London and out to Epping. Access to the motorway network is via the M11 at Loughton or the M25 at Waltham Abbey.

Description - Challenge House comprises 2 ground floor retail units with self-contained office suites situated on the first floor. At the rear of the property is a car park which provides vehicular access to Back Lane as well as allocated parking for the tenants. The premises may be suitable for reconfiguration/redevelopment, subject to gaining the necessary consents. The accommodation comprises the following approximate floor areas:
Shop 57:480 sq ft(44.6 sq m).
Shop 59:849 sq ft(78.9 sq m).
Office 1/2: 236 sq ft (22 sq m).
Office 3: 104 sq ft (9.6 sq m).
Office 4: 118 sq ft (11 sq m).
Office 5: 118 sq ft (11 sq m).
Office 6/7: 325 sq ft (30.2 sq m).

Shop 57 and shop 59 each have toilet facilities included. Communal kitchen and toilet facilities are available on the first floor.

Tenancies - Shop 57:Let on a 12 year lease from November 2019, with a rent review due in November 2027. Current rent £16,000 per annum.
Shop 59:Let on a 12 year lease from September 2016, with a rent review due in September 2028. Current rent £22,000 per annum.
Office 1/2: Let on an annual agreement at £7,800 per annum.
Office 3: Let on an annual agreement at £4,080 per annum.
Office 4: Currently vacant but being marketed for £5,700 per annum.
Office 5: Let on an annual agreement at £4,800 per annum.
Office 6/7: Let on an annual agreement at £8,700 per annum.

Terms - The freehold is available, subject to the existing tenancy agreements, for offers in excess of £1,100,000.

Business Rates - Epping Forest District Council have informed us of the following 2023 Rateable Values:
57 Queens Road: £14,250.
59 Queens Road: £17,250.
Office 1/2: £5,800.
Office 3: £2,850.
Office 4: £3,000.
Office 5: £3,400.
Office 6/7: £8,000.

Viewings - The property is confidentially available so viewings are strictly through sole agents Clarke Hillyer, tel .

Epc - This property has an Energy Performance Certificate Rating of D.