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Retail Portfolio For Sale

For sale: £800,000.00|Retail, General Retail, Mixed Use, Other, Other Property Types & Opportunities

Property details

FOR SALE£800,000.00
ADDRESSQueens Road, Buckhurst Hill, Essex
TYPERetail, General Retail, Mixed Use, Other, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON23rd January 2023

Description

Retail portfolio for sale comprising of 3 shop investments fully let

Location
The properties are located at the lower end of Queens Road closer to the junction of Victoria Road & Princes Road within a popular parade of shops and very close to major retailers such as Costa Coffee, Waitrose, Prezzo and other successful independent retailers.

The location is served well by many bus routes and is within a 2-minute walk to Buckhurst Hill (Central Line) train station.

Accommodation & Tenancy Information

40 Queens Road, Buckhurst Hill
Trading as a ladieswear retail outlet known as Anita at Crème (also occupying 38 which is not included in the sale).
Lease
Held on an FRI lease for term expiring in December 2027
Rent
Current rent of £13,000 pax (rent review is now due)

40a Queens Road, Buckhurst Hill
Trading as a Wow Brows beauty salon
Lease
Held on an FRI lease for term expiring in March 2023
Rent
Current rent of £12,000 pax

40a Queens Road, Buckhurst Hill
Ground rent of £350 for 1st floor flat with rear garden sold off on a 99-year lease from 1991.

14 Queens Road, Buckhurst Hill
Trading as Unique Nails beauty salon
Lease
Held on an FRI lease for term expiring in March 2036
Rent
Current rent of £16,500 pax

14a Queens Road, Buckhurst Hill
Ground rent 350 for upper floor flat sold off on a 125-year lease from March 2001

Total Combined Rent – £42,200.00 pax

Location

marker
Location: Queens Road, Buckhurst Hill, Essex

Buckhurst Hill (0.1 miles)

Roding Valley (0.6 miles)

Loughton (1.2 miles)

Chingford (1.7 miles)

Highams Park (2.3 miles)

Wood Street (3.4 miles)

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