Three Retail Units with Residential Above (let on long leases)
Situated on High Road in Affluent Commuter Town
Adjacent to Morrisons Supermarket
Nearby Occupiers include Pizza Express, Space NK, Subway, Boots and Superdry
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 8
Auction 7th July 2016
Rent £99,550 per Annum Exclusive
Status Sold
Price £1,250,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
13 miles north east of Central London,
Roads
A121, M11 (Jct 5), M25 (Jct 26)
Rail
Loughton Underground (Central Line)
Air
London City Airport, London Stansted Airport
Situation
Loughton is an affluent commuter town some 13 miles north east of Central London and serviced by London Underground Central Line (30 mins to Bank).
The property is located on the northern side of the High Road, adjacent to Morrisons Supermarket and opposite bus stops providing services to Walthamstow, Ilford and Debden. Other nearby occupiers include Pizza Express, Space NK, Subway, Boots and Superdry.
Tenure
Freehold.
Location
Miles
13 miles north east of Central London,
Roads
A121, M11 (Jct 5), M25 (Jct 26)
Rail
Loughton Underground (Central Line)
Air
London City Airport, London Stansted Airport
Situation
Loughton is an affluent commuter town some 13 miles north east of Central London and serviced by London Underground Central Line (30 mins to Bank).
The property is located on the northern side of the High Road, adjacent to Morrisons Supermarket and opposite bus stops providing services to Walthamstow, Ilford and Debden. Other nearby occupiers include Pizza Express, Space NK, Subway, Boots and Superdry.
Tenure
Freehold.
Description
The property comprises three retail units with four residential units above let on long leases. To the rear is a yard and two garages included with the residential flats.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises three retail units with four residential units above let on long leases. To the rear is a yard and two garages included with the residential flats.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
4 separate leases for a term of 99 years from 01/08/1987
£300 (2)
(31/07/2086)
Garage 252F
Ground
Garage
INDIVIDUAL
99 years from 29/09/1964
£0.50
(28/09/2063)
Garage 252G
Ground
Garage
VACANT POSSESSION
Total
245.81 sq m
(2,646 sq ft)
£99,550.50
(1) For the year ending 31st December 2014, Countrywide Estate Agents reported a turnover of £368,663,000, pre-tax profits of £59,720,000 and a total net worth of £104,361,000 (Source: Experian Group 09/06/2016) (2) The rent is £75 p.a. per residential flat.
