5-5A Forest Rd
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5-5A Forest Rd Local commercial 65 m² 100 % Loué À vendre Loughton IG10 1DR 588 090 € (9 030,17 €/m²)
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Freehold investment comprising 2 ground floor lock-up shops
- Possible development potential (STPP)
- RPI rent reviews throughout the leases
- Total income £30,000 per annum
- Leases run until Sept 2029 & April 2031 (no breaks)
RÉSUMÉ ANALYTIQUE
* FREEHOLD INVESTMENT FOR SALE * - Situated on Forest Road, Loughton, which is just off the High Road. The High Road is home to many local businesses as well as a number of multiple occupiers such as Marks and Spencer, Magnet Kitchens and Robert Dyas. Public parking is available on Forest Road, and there are also car parks in the vicinity. Comprising 2 adjacent ground floor lock-up shops, one of which is let to a beauty salon, the other to a health food shop. The premises may be suitable for redevelopment and/or reconfiguration in future, subject to gaining the necessary consents. The current total income is £30,000 per annum and there are RPI rental increases throughout the leases but no break clauses. Please call CLARKE HILLYER on[use Contact Agent Button] for further information.
Location - Situated on Forest Road, Loughton, which is just off the High Road. The High Road is home to many local businesses as well as a number of multiple occupiers such as Marks and Spencer, Magnet Kitchens and Robert Dyas. Public parking is available on Forest Road, and there are also car parks in the vicinity. Loughton Station (Central Line) provides services to London. 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 only).
Description - Comprising 2 adjacent ground floor lock-up shops, one of which is let to a beauty salon, the other to a health food shop. The premises may be suitable for redevelopment and/or reconfiguration in future, subject to gaining the necessary consents. The premises are more particularly described as follows:
5 Forest Road: Sales area: 260 sq ft (24.2 sq m); Treatment Room: 49 sq ft (4.6 sq m); Kitchenette/store: 19 sq ft (1.8 sq m); W/c.
5a Forest Road: Sales area: 316 sq ft (29.4 sq m); Kitchenette: 38 sq ft (3.5 sq m); W/c.
All measurements quoted are approximate only.
Leases - 5 Forest Road:
- Let on a 7 year Lease ending 30 September 2029 (No Break).
- Fully repairing lease. Landlord insures the property and recovers the cost from the Lessee.
- Current rent £14,400 per annum (paid £1,200 calendar monthly in advance) with a Guarantor.
- 3 month’s Rent Deposit (adjusted on reviews) held by the Lessor in a current account.
- Rent Reviews: 30 September 2025 & 30 September 2028, based on RPIX indexation from 31 May 2022.
5A Forest Road
- Let on a 7 year Lease ending 30 April 2031 (No Break).
- Fully repairing lease. Landlord insures the property and recovers the cost from the Lessee.
- Current rent £15,600 per annum (paid £1,300 calendar monthly in advance) with a Guarantor.
- 3 month’s Rent Deposit (adjusted on reviews) held by the Lessor in a current account.
- Rent Reviews: 1 April 2027 & 1 April 2030, based on RPIX indexation from 31 December 2023.
Terms - The freehold is available, subject to the current leases, for £500,000.
Business Rates - Epping Forest District Council have informed us of the following:
5 Forest Road: 2023 Rateable Value: £15,000.
5a Forest Road: 2023 Rateable Value: £13,000.
Viewings - The premises are available on a strictly confidential basis and therefore all viewings must be arranged and accompanied via sole agents Clarke Hillyer, tel[use Contact Agent Button].
Epcs - 5 Forest Road has an Energy Performance Certificate rating of C & 5a Forest Road has an EPC rating of B.
Location - Situated on Forest Road, Loughton, which is just off the High Road. The High Road is home to many local businesses as well as a number of multiple occupiers such as Marks and Spencer, Magnet Kitchens and Robert Dyas. Public parking is available on Forest Road, and there are also car parks in the vicinity. Loughton Station (Central Line) provides services to London. 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 only).
Description - Comprising 2 adjacent ground floor lock-up shops, one of which is let to a beauty salon, the other to a health food shop. The premises may be suitable for redevelopment and/or reconfiguration in future, subject to gaining the necessary consents. The premises are more particularly described as follows:
5 Forest Road: Sales area: 260 sq ft (24.2 sq m); Treatment Room: 49 sq ft (4.6 sq m); Kitchenette/store: 19 sq ft (1.8 sq m); W/c.
5a Forest Road: Sales area: 316 sq ft (29.4 sq m); Kitchenette: 38 sq ft (3.5 sq m); W/c.
All measurements quoted are approximate only.
Leases - 5 Forest Road:
- Let on a 7 year Lease ending 30 September 2029 (No Break).
- Fully repairing lease. Landlord insures the property and recovers the cost from the Lessee.
- Current rent £14,400 per annum (paid £1,200 calendar monthly in advance) with a Guarantor.
- 3 month’s Rent Deposit (adjusted on reviews) held by the Lessor in a current account.
- Rent Reviews: 30 September 2025 & 30 September 2028, based on RPIX indexation from 31 May 2022.
5A Forest Road
- Let on a 7 year Lease ending 30 April 2031 (No Break).
- Fully repairing lease. Landlord insures the property and recovers the cost from the Lessee.
- Current rent £15,600 per annum (paid £1,300 calendar monthly in advance) with a Guarantor.
- 3 month’s Rent Deposit (adjusted on reviews) held by the Lessor in a current account.
- Rent Reviews: 1 April 2027 & 1 April 2030, based on RPIX indexation from 31 December 2023.
Terms - The freehold is available, subject to the current leases, for £500,000.
Business Rates - Epping Forest District Council have informed us of the following:
5 Forest Road: 2023 Rateable Value: £15,000.
5a Forest Road: 2023 Rateable Value: £13,000.
Viewings - The premises are available on a strictly confidential basis and therefore all viewings must be arranged and accompanied via sole agents Clarke Hillyer, tel[use Contact Agent Button].
Epcs - 5 Forest Road has an Energy Performance Certificate rating of C & 5a Forest Road has an EPC rating of B.
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement
Type de bien
Local commercial
Droit d’usage
Pleine propriété
Surface de l’immeuble
65 m²
Classe d’immeuble
B
Année de construction
1970
Prix
588 090 €
Prix par m²
9 030,17 €
Pourcentage loué
100 %
Occupation
Multi
Hauteur de l’immeuble
1 Étage
Façade
9 m le Forest Road
CARACTÉRISTIQUES
- Système de sécurité
- Classe de performance énergétique – D
- Stores automatiques
- Espace d’entreposage
PRINCIPAUX OCCUPANTS
- OCCUPANT
- SECTEUR D’ACTIVITÉ
- m² OCCUPÉS
- LOYER/m²
- FIN DU BAIL
-
- -
- 32 m²
- -
- -
- Louttie Lou Childrens Boutique
- -
- 29 m²
- -
- -
| OCCUPANT | SECTEUR D’ACTIVITÉ | m² OCCUPÉS | LOYER/m² | FIN DU BAIL | ||
|
|
- | 32 m² | - | - | ||
| Louttie Lou Childrens Boutique | - | 29 m² | - | - |
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