Rarely available freehold opportunity comprising substantial retail premises with 1^st floor storage

Favourable pre-app for creation of 2 x two bed flats on the 1^st & 2^nd floors

FOR SALE

(Confidentially Available)

Other Details

Accomodation

Comprising a substantial retail unit (class E) use, laid out in mainly open space which widens considerably roughly halfway into the unit. There is an office on the ground floor & access to an enclosed yard with staircase leading onto an extensive flat roof from which the 1st floor storage is accessed. The storage area is mainly open & has WC / kitchen facilities. Approximate floor areas & dimensions are as follows: Gross Frontage 27’ 6’’ (8.2m) Shop width – min 26’ 3’’ (8m) widening to 52’ 6’’ (16m) Built depth 79’ 6’’ (24.2m) Ground floor sales 3,015sq ft (280sq m) 1st floor storage 909sq ft (84.44sq m) Planning History. A pre-app for conversion of the upper parts was made in December 2024 which we understand was favourably received by Epping Forest District Council. The plans included an additional floor with extensions over the flat roof & access to the proposed flats from the High Road. The application made provision for the following: First floor flat: 2-bed 3-person unit. 73.4 sq. m. with 13 sq. m. double bedroom and 8.7m single bedroom. Second floor flat: 2-bed 4-person unit. 79.1 sq. m. with 13 sq. m. and 13.1 sq. m. double bedrooms.

Amenities

Rarely available Freehold opportunity Development potential STP – Favourable response to pre-app Town Centre location Close to Loughton (Central Line) Station

Lease

FREEHOLD

Rent

PRICE: We are instructed to quote £1.125 M (One million, one hundred & twenty five thousand pounds) on an unconditional basis.

Rates

According to the VOA website the following apply: R V £38,500 Rates Payable £19,211.50pa

Legal Costs

Each party are to be responsible for their respective legal fees.

Possession

Immediate upon completion of legalities.

Viewing

Strictly by prior appointment as our client wishes to restrict public awareness where possible.