185a - 187 High Road, Loughton

Location.
The property is situated towards the Southern end of the High Road, in the section most commonly occupied by longstanding local occupiers who include the likes of Forest Casual & Schoolwear, The Bookshop, Essex Sewing Room and Whitneys Carpets. National occupiers represented close by include M & S Simply Food, Sainsbury’s, Nando’s & Majestic Wine. Loughton (Central Line) underground station is within a short walk. Junction 5 of the (M11) is within a 5-minute drive & provides access to the (M25) at junction 6 to the North & the (A12, A13 & A406) to the South.

Accommodation.
Comprising a soon to be merged retail / Office / Showroom unit with basement storage. See Artist impression for possible frontage appearance. The accommodation will provide mainly open plan space, with the benefit of WC and Kitchen facilities.
Ground - 1228sq.ft (114m2)
Basement - 330sq.ft (31m2

The Landlord will also consider a simultaneous letting of the upper floor offices, which will provide a further circa 1200sq.ft (112m2) at an additional rent of £16,000 per annum exclusive. Therefore, a total floor area of circa 2,755sq.ft (256m2) could be offered, should an applicant require a multi-floor building.

Lease.
A new Full Repairing and Insuring Lease is to be made available for a term to be agreed.

Rent.
£42,000 per annum paid quarterly in advance. VAT will be applicable


Business Rates.
To be Re-Assessed.

Legal Costs.
Each party are to be responsible for their own legal costs.

Administrative Fee.
Upon terms being agreed and prior to Solicitors 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.

Possession.
Immediate upon completion of legal formalities.