High Road, Loughton, Essex

Location:
Situated on High Road, Loughton, which is home to many multiple retailers such as Holland and Barrett, Robert Dyas and Morrisons. There are also many cafes/restaurants located on the High Road. Pay and display parking is available on the street, and there are public car parks off the High Road. The Central Line station at Loughton provides a regular service to and from London and access to the motorway network is via Junction 26 of the M25 at Waltham Abbey or via Junction 5 of the M11 at Loughton (southbound).

Accommodation:
Comprising a ground floor lock up shop, currently occupied by a women's clothing store. When the current tenant took on the premises, they carried out extensive refurbishment works to improve the aesthetics and functionality of the shop. The property would be suitable for a variety of users and the accommodation comprises the following:
Sales area (including fitting rooms & storage): 1,189 sq. ft (110.41 sq. m).
Kitchenette & toilet facilities

Business Rates:
Rateable Value: £26,250
Rates Payable: 2026/2027 - £10,027.50per annum

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

Rent:
£37,000 pax paid quarterly in advance. VAT is applicable.
The outgoing tenant is seeking a premium to reflect the substantial improvements they have made to the premises, and further details are available upon request.

Legal Costs:
Each part to be responsible for their own costs incurred.

EPC:
Energy Rating C
A copy of the EPC certificate and recommendation report is available on request.

Administrative Fee.
Upon terms being agreed and prior to Solicitor 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.
Immediately upon completion.