78 The Broadway, Loughton, Essex

LOCATION DETAILS:
The property is located on The Broadway where there is a mix of national and local occupiers including Iceland, Greggs, Savers, Subway and William Hill. Access to the local and national road networks is excellent, with junction 5 of the M11 located within half a mile, providing easy access to the A12, A406 and A13 to the East and M25 to the North.

ACCOMMODATION:
The property comprises a ground floor Class E commercial unit, currently occupied and used as office accommodation. The premises provide predominantly open plan office space, together with a private office to the front, and ancillary accommodation to the rear comprising a further office, kitchen, staff facilities and separate male and female WCs.
The property has an approximate Net Internal Area (NIA) of 1,319 sq. ft (122.56 sq. m).

LEASE:
A new Effective FRI Lease is to be made available for a term to be agreed subject to periodic upward only rent reviews.
The lease is to be granted outside the provisions of the Landlord & Tenant Act.

RENT:
£22,000 pax paid quarterly in advance. VAT is applicable.

BUSINESS RATES:
Rateable Value: 2026/2027 - £20,750
Rates Payable: 2026/2027 - £8,964 per annum
This is an approximate figure and interested parties are advised to speak to Epping Forest District Council to confirm the rates payable.

POSSESSION:
Upon completion of legal formalities. Existing tenant to vacate on or before 31.10.2026.

LEGAL COSTS:
Each party are to be responsible for their own legal costs borne in this transaction.

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’s being instructed, the prospective purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips. This fee will cover all associated administrative costs incurred. In the event that the Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.