Ground Floor Premises 5 Centric Parade, High Road, Loughton, Essex

LOCATION:
The property is situated centrally within the High Road, close to numerous national occupiers who include, The Works, Clarks, Superdrug, Vodaphone, Card Factory, Spec Savers, Wenzels & Magnet. The Town’s 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 predominantly open-plan sales accommodation, with ancillary office, WC and kitchenette facilities and storage areas to the rear. The unit is well fitted, incorporating a suspended ceiling and laminate flooring. The premises benefit from ceiling-mounted air conditioning units (untested). Externally, the property benefits from rear access. Approximate floor areas are as follows:
Sales Area: Ancillary: Storage 1:
Storage 2:

Sales Area; 2,123 sq.ft (197.22 m2)
Ancillarey: 446 sq.ft (41.44 m2)
Storage 1: 325 sq.ft (30.23 m2)
Storage 2: 122 sq.ft (11.32 m2)

Overall Total: 3,016 sq.ft (280.21 m2)

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:
£64,500 per annum exclusive. VAT is applicable.

SERVICE CHARGE:
Further details upon request.

EPC RATING:
D (79)

BUSINESS RATES:
Further details upon request.

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

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:
Immediate upon completion of legal formalities.