186 High Road, Loughton, Essex
Size
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Tenure
Freehold
EPC
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Parking
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- Primary use
- Other
No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
- Transport links
- Well connected
Key features
- • Rare Freehold Opportunity
- • Within a short walk of Loughton (Central Line) underground station
- • High Street Location
- • Allocated Car Parking Spaces
Description
The property is centrally situated within the High Road, close to numerous national occupiers who include, The Works, Clarks, TG Jones, 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:
The property comprises a four-storey mixed-use building fronting the High Road, incorporating a ground floor retail unit with residential accommodation above. Nine of the flats have been sold on long leasehold interests, with two retained and currently let (details below).
EXISTING TENANCIES & RENTAL INCOMES DERIVED:
Commercial
drYp Studios Limited a Wellness Centre (Class E) use, providing a range of associated services let on a 10-year lease producing an income of £75,000 per annum.
Residential
Townview 184-186 High Road, Loughton, Essex IG10 1DF
Flat 10 (2 bed) - Let on a periodic tenancy - producing £1,300pcm Flat 11 (2 bed) - Let on a periodic tenancy - producing £1,300pcm
Ground Rent Income Townview - 184-186 High Road. Loughton
Flats 1-9 have been sold off and produce a ground rent income of 9 x £150 per annum (£1,350 per annum in total)
Total Rental Income Derived - £107,550 per annum
TENURE:
Freehold to include the benefit of the tenancies & rental incomes derived.
PRICE:
Offers are invited.
EPC:
The property has an EPC rating of D
LEGAL COSTS:
Each party are to be responsible for their own legal costs borne in this transaction.
ADMINISTRATION 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 Luton. This fee will cover all associated administrative costs 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.
VIEWING:
Strictly by appointment through sole agents Bennett Phillips Luton | Contact Taylor Phillips at or Simon Phillips at simon.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
186 High Road, Loughton, Essex
About BPL Estates Ltd, Essex
The commercial agency department provides a comprehensive service to commercial and industrial property owners and occupiers throughout East / Northeast London and Essex. Whether freehold or leasehold, we are active in the disposal of a wide range of property including retail premises, from lock up shops to large showrooms, Offices from small suites to corporate headquarters, light industrial, manufacturing or warehouse/distribution and land for Residential/commercial development or design and build projects.
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Disclaimer - Property reference 186HighRoadLoughtonplus2flats. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by BPL Estates Ltd, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.