54 Properties Found

Commerical Lettings

High Road, Loughton

Situated on High Road, Loughton, where a number of multiple retailers such as Marks and Spencer, Holland and Barrett and New Look are present. There are also a number of banks and cafes/restaurants located on the High Road. Pay and display parking is available on the street, and there is public car parking available off the High Road. The Central Line Underground station at Loughton provides a regular commuter service to and from Central London and 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).

Comprising a ground floor restaurant, which has traded as an Indian restaurant for many years, with self-contained 1st and 2nd floor flat above. Overall the ground floor has an approximate Gross Internal Area of 885 sq ft (82.2 sq m) which includes the restaurant, male and female toilets and kitchen. The restaurant currently has 44 covers. The flat comprises a kitchen, bathroom and 4 rooms. A garage is included at the rear of the premises.

The premises are held on a 20 year lease from June 2015, subject to 5 yearly rent reviews and a 10 year tenant-only break clause. The current passing rent is £31,500 per annum. The lease is available for assignment, together with fixtures and fittings. Premium on application.

Epping Forest Borough Council have informed us of the following in respect of the restaurant:

2017 Rateable Value: £20,250
2017/18 UBR: 0.466 P/£
2017/18 Rates Payable: £9,436.50

All interested parties are advised to verify these figures with the local rating authority.

To be met by the ingoing tenant.

Strictly through Clarke Hillyer on 020 8501 9220.

An EPC has been requested and will be available in due course.