153 High Road, Loughton, Essex

LOCATION:
The property occupies a highly prominent return, corner frontage, immediately at the junction with Old Station Road when entering Loughton from Buckhurst Hill. The property is 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 ground floor restaurant, bar, and WC’s with external covered / uncovered seating, plus basement kitchen, cold stores, storage areas and plant room. The unit is to be offered fully fitted including all catering equipment and fittings, subject to the payment of a lease premium. A Full inventory list is available upon request.
Approximate dimensions & floor areas are as follows:
Ground Floor Retail / Bar & Toilets: 1636sq.ft (152m2) approx
Basement Kitchen / Stores etc: 1722sq.ft (160m2) approx
External / Covered Seating Area: 600sq.ft approx.


LEASE:
A new FRI lease is to be made available for a term to be agreed subject to periodic upward only rent reviews.

RENT:
£60,0000 per annum exclusive, payable quarterly in advance.


PREMIUM:
£150,000 plus VAT for the benefit of the extensive high quality fixtures and fittings and catering equipment.

BUSINESS RATES
Rateable Value: £45,250
Rates Payable: 2026/2027 £19,548 per annum

LEGAL COSTS:
Both parties legal costs are to be borne by the ingoing tenant.

POSSESSION:
Immediate upon completion of legal formalities.