Queens Road Buckhurst Hill Essex IG9 5BW

Queens Road Buckhurst Hill Essex IG9 5BW

Development Opportunity STPP/Investment Freehold For Sale

Double Fronted Ground Floor SHOP TO LET

Location:  Situated on Queens Road, being main commercial and shopping area of Buckhurst Hill. Queens Road comprises numerous boutiques, café and restaurants as well as a variety of independent occupiers.

Description:  A freehold investment comprising of a double fronted ground floor shop approx. 2,400 sq ft plus storage and ancillary, benefiting from a rear garden/parking area.  There are two residential flats above situated on first floor, accessed from rear, both held on AST’s currently holding over.

Ground Floor Shop – Currently offered with vacant possession, previously trading as an Italian Restaurant for many years.

Available to rent at £50,000 pax,FR&I terms available, new lease to be agreed.

Upper Parts – Currently arranged as two flats

Development Opportunity – neighbouring property has extended over two floors at rear to provide mix of 8 flats. Potential exists to development rear area subject to obtaining usual consents and planning permission.

An early viewing is strongly advised.

Price:                                   £1,400,000 Subject to Contract

Rent:                                    £50,000 pax Ground Floor Shop

Tenure:                               Freehold/ New FRI Lease for Ground Floor

Business Rates:               Rateable Value for 2024/25 is currently £16,500pa.

All interested parties should make their own enquiries either via Epping Forest  District Council or via www.voa.gov.uk.

CEPC:                                 D Rating (76) valid until 17/5/26

Legal Costs:                      Each party to be responsible for their own legal costs.

Anti-Money Laundering: In accordance with revised Anti Money Laundering Regulations two forms of ID and confirmation of funds will be required by the successful applicant. This will apply to landlords/vendor and tenant/purchaser and any other party with a relationship with the property.

Viewing:                                       Strictly by appointment only through owners agents             Grovelands  020 8731 9777 www.grovelands.net