ACCOMMODATION:

The property comprises a 2-bay industrial unit accessed via a shared yard from Oakwood Hill, together with a three-storey office building fronting Chigwell Lane, which benefits from a separate pedestrian entrance. The industrial units provide predominantly open plan warehouse accommodation with ancillary office/workshop space. In addition, there is mezzanine storage as outlined within the floor areas below.

The three-storey office accommodation provides a mixture of open plan and private working areas, together with kitchen and WC facilities, with the first floor benefiting from air conditioning.

Externally, the property benefits from a shared yard fronting Oakwood Hill, together with a side yard area providing additional parking or storage opportunities.

The Property has the following approximate internal floor area: -

Ground Floor Warehouse:                       7,176 sq. ft        (666.67 sq. m)

            3-Storey Offices:                         2,320 sq. ft        (215.53 sq. m)

            Total:                                        9,496 sq. ft        (882.20 sq. m)

            *Mezzanine:                              6,039 sq. ft        (561.04 sq. m)

Other Details

Accomodation

INDUSTRIAL/WAREHOUSE UNIT WITH ADJOINING 3 STOREY OFFICE BUILDING & YARD 9496 SQFT (882.20 M2) PLUS, MEZZANINE LEASE TO ASSIGN (POSSIBLE NEW LEASE AVAILABLE) 40 - 42 CHIGWELL LANE LOUGHTON IG10 3NY

Amenities

Warehouse & ancillary office/workshop space Additional mezzanine storage of 6,039 sq. ft (561.04 sq. m) Mixture of open plan and private office areas Kitchen and WC Facilities Air conditioning Ample parking

Lease

Available by way of assignment of a Lease expiring on 6 May 2035, subject to a mutual break option exercisable by either the Landlord or Tenant on 7 May 2030. The Lease has been contracted outside the provisions of the Landlord and Tenant Act 1954.

Rent

The current passing rent is £155,958 per annum exclusive, paid quarterly in advance. We understand that VAT is applicable.

Rates

Rateable Value 2026/2027: £89,500 Rates Payable 2026/2027: £42,960p per annum This is an approximate figure and interested parties are advised to speak to Epping Forest District Council to confirm the rates payable.

Legal Costs

Each party are to be responsible for their own legal costs borne in this transaction. ADMINISTRATIVE FEE: Upon terms being agreed and prior to Solicitor being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Possession

Immediate upon completion of legal formalities.