The Broadway, Loughton, Essex

LOCATION DETAILS:
The property is located on The Broadway where there is a mix of national and local occupiers including Iceland, Greggs, Savers, Subway and William Hill. Access to the local and national road networks is excellent, with junction 5 of the M11 located within half a mile, providing easy access to the A12, A406 and A13 to the East and M25 to the North.

ACCOMMODATION:
The property comprises a glass-fronted, lock-up ground floor Class E unit, providing a front sales area together with two ancillary rooms suitable for office or storage use. To the rear is a covered, enclosed lean-to extension. The premises benefits from suspended ceilings and a mixture of carpet, laminate and tiled flooring. WC facilities and a sink point are also provided.
Externally, the property benefits from personnel access to the rear leading to a small courtyard.

The following areas are approximate and have been measured on a Net Internal Area (NIA) basis:
Total: 967 sq. ft. (89.79 sq. m.).

LEASE:
A new Effective FRI Lease is to be made available for a term to be agreed subject to periodic upward only rent reviews. The lease is to be granted outside the provisions of the Landlord & Tenant Act.

RENT:
£20,000 per annum exclusive paid quarterly in advance. VAT is applicable.

BUSINESS RATES:
Rateable Value: 2026/2027 - £18,250.

POSSESSION:
Upon completion of legal formalities.

LEGAL COSTS:
Each party are to be responsible for their own legal costs borne in this transaction.

EPC:
An EPC has been commissioned and the property is rated 70C.

ADMINISTRATIVE FEE:
Upon terms being agreed and prior to Solicitor’s being instructed, the prospective purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips. This fee will cover all associated administrative costs incurred. In the event that the Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.