IG10 55 The Broadway, Loughton

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.

VIEWING:

Strictly by appointment through agents Bennett Phillips Luton - 020 8501 3000 - Contact Taylor Phillips at taylor@bennettphillips.com

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.

High Street Location

Suitable for retail or office use

WC facilities

Glass Fronted

Security Shutter