Queens Road, Buckhurst Hill

** RECENTLY REDUCED FREEHOLD INVESTMENT FOR SALE ** - Situated on Queens Road, which is the main commercial and shopping area of Buckhurst Hill. Queens Road comprises numerous boutiques, cafes and restaurants, as well as a variety of independent occupiers. Comprising a ground floor lock-up shop which is used by a beauty business, together with a separate self-contained office at the rear. On the first floor is a flat which is sold off on a long lease. The total income is currently £25,500 plus VAT per annum. Please call CLARKE HILLYER on 020 8501 9220 for further information.

Location
Situated on Queens Road, which is the main commercial and shopping area of Buckhurst Hill. Queens Road comprises numerous boutiques, cafes and restaurants, as well as a variety of independent occupiers. Car parking facilities (pay and display) are available on the street and in the station car park. Buckhurst Hill Underground Station is on the Central Line and provides a regular service into Central London and out to Epping. Access to the motorway network is via the M11 at Loughton or the M25 at Waltham Abbey.

Description
Comprising a ground floor lock-up shop which is used by a beauty business, together with a separate self-contained office at the rear. On the first floor is a flat which is sold off on a long lease. The accommodation comprises the following approximate floor areas:

Front Retail Section: 467 sq ft (43.3 sq m)
Kitchenette: 28 sq ft (2.6 sq m)
Rear office: 355 sq ft (33 sq m)

Toilet facilities also included in both the shop and office.

All measurements quoted are approximate only.

Leases
72 Queens Road: let on a 5 year lease from February 2020. The passing rent is £15,000 plus VAT per annum. Terms have been agreed for a new 5 year lease to commence from February 2025 at a rent of £16,000 plus VAT per annum.
R/o 72 Queens Road: let on a 3 year lease from April 2024. The passing rent is £10,500 plus VAT per annum.

Terms
The freehold is available, subject to the existing leases, for £399,750 plus VAT.

Business Rates
Epping Forest District Council have informed us of the following:
72 Queens Road: 2023 Rateable Value: £15,250.
R/o 72 Queens Road: 2023 Rateable Value: £10,250.

Viewings
Strictly via sole agents Clarke Hillyer, tel 020 8501 9220.

EPC
The premises have an Energy Performance Certificate rating of C.