Commercial property for sale in Queens Road, Buckhurst Hill IG9

** freehold restaurant, flat & car park investment for sale ** Situated on Queens Road, which is the main commercial and shopping area of Buckhurst Hill. Queens Road comprises numerous boutiques, cafes and restaurants, as well as a variety of independent and multiple occupiers such as Costa Coffee and Ladbrokes.
Comprising a ground floor restaurant which has traded as 'Leonardos' for many years. Above the shop is a self-contained flat. To the rear of the premises is a car park which is accessed via Back Lane. The premises may be suitable for redevelopment (subject to gaining the necessary consents). The current total rent is £32,600 per annum. All measurements quoted are approximate only. Please call Clarke Hillyer on for further information.

Location

Situated on Queens Road, which is the main commercial and shopping area of Buckhurst Hill. Queens Road comprises numerous boutiques, cafes and restaurants, as well as a variety of independent and multiple occupiers such as Costa Coffee and Ladbrokes. Car parking facilities (pay and display) are available on the street and in the station car park. Buckhurst Hill Underground Station is on the Central Line and provides a regular service into Central London and out to Epping. Access to the motorway network is via the M11 at Loughton or the M25 at Waltham Abbey.

Description

Comprising a ground floor restaurant which has traded as 'Leonardos' for many years. Above the shop is a self-contained flat. To the rear of the premises is a car park which is accessed via Back Lane. The premises may be suitable for redevelopment (subject to gaining the necessary consents) and are more particularly described as follows:
Restaurant (including kitchen): 689 sq ft (64 sq m); male & female w/c's; rear store: 199 sq ft (18.5 sq m).
Flat: 3 rooms, kitchen; bathroom & w/c.
Rear courtyard.
Rear car park.
All measurements quoted are approximate only.

Tenancies

49 Queens Road: Let on a 15 year full repairing and insuring lease from July 2021. The current rent is £20,000 per annum.
49a Queens Road: Let on a 12 month Assured Shorthold Tenancy Agreement from February 2022. The rent is £1,050 per calendar month.

Terms

The freehold is available, subject to the existing tenancy agreements, for £675,000.

Business Rates

Epping Forest District Council have informed us of the following in respect of the restaurant:
2017 Rateable Value: £16,000
2022/23 ubr: 0.499 P/£
2022/23 Rates Payable: £7,984
Interested parties are advised to confirm current rate liability with the Local Authority.

Council Tax

The flat is within Council Tax Band 'C'.

Viewings

Strictly via sole agents Clarke Hillyer, tel .

Epcs

The restaurant has an Energy Performance Certificate rating of C. The flat has an EPC rating of E.