High Road, Loughton

** SHOP TO LET ** - Situated on High Road, Loughton, which is home to many multiple retailers such as Holland and Barrett, Robert Dyas and Morrisons. There are also many cafes/restaurants located on the High Road. Pay and display parking is available on the street, and there are public car parks off the High Road. Comprising a ground floor lock up shop, currently occupied by a women's clothing store. When the current tenant took on the premises they carried out extensive refurbishment works to improve the aesthetics and functionality of the shop. The property would be suitable for a variety of users and totals approximately 1,250 sq ft (116.1 sq m). For further information, please call CLARKE HILLYER on .

Location - Situated on High Road, Loughton, which is home to many multiple retailers such as Holland and Barrett, Robert Dyas and Morrisons. There are also many cafes/restaurants located on the High Road. Pay and display parking is available on the street, and there are public car parks off the High Road. The Central Line station at Loughton provides a regular service to and from 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).

Description - Comprising a ground floor lock up shop, currently occupied by a women's clothing store. When the current tenant took on the premises they carried out extensive refurbishment works to improve the aesthetics and functionality of the shop. The property would be suitable for a variety of users and the accommodation comprises the following:

Sales area (including fitting rooms & storage): 1,250 sq ft (116.1 sq m).
Kitchenette & toilet facilities included.

All areas are approximate only.

Terms - The premises are held on a 10 year from August 2022, at a rent of £30,000 per annum plus VAT, and are available by way of lease assignment. The lease benefits from tenant-only break clauses in August 2027 and February 2030. The outgoing tenant is seeking a premium to reflect the substantial improvements they have made to the premises and further details are available upon request.

Business Rates - Epping Forest District Council have advised us of the following:
2023 Rateable Value: £25,000
2025/26 UBR: £0.499
2025/26 Rates Payable: £12,475
Prospective tenants could qualify for retail, hospitality and leisure relief, meaning they could get 40% off their business rates bill, theoretically reducing their annual bill to £7,485 over the period from 1 April 2025 to 31 March 2026. Interested parties are therefore advised to contact the local authority to ascertain current rate liability.

Legal Costs - To be met by the ingoing tenant.

Viewings - Strictly via sole agents, Clarke Hillyer on .

Epc - The premises have an Energy Performance Certificate rating of C.