77-77A Queens Rd | Buckhurst Hill IG9 5BW
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77-77A Queens Rd
Buckhurst Hill IG9 5BW
Retail Property For Sale
Investment Highlights
- Principal shopping destination
- There are numerous parking bays as well as additional parking which is available in a Waitrose Supermarket
- Queens Road is synonymous with independent eateries, fashion shops & beauticians
Executive Summary
Comprising a ground floor shopfront premises trading as a Gents Barber which extends to approximately 570sq ft (52.95sq m). On the first floor there is a self-contained office comprising a room at the rear & two intercommunicating rooms in the middle/front of the property. There are kitchenette facilities in the rear room & a WC on the landing. The net usable office area is approx 471sq ft (43.75sq m). The office benefits from having good natural light, GCH & double-glazed windows. EXISTING TENANCIES & RENTAL INCOMES: Shop - Let to Behnam Shokri & Ali IL Temis for a term of 15 years from 11th April 2024 subject to five yearly upward only Rent Reviews at a passing rent of £17,000 pax. We understand the Lease is contracted inside the Landlord & Tenant Act. Office – Let to Beau Loves Limited on a FRI Lease for a term of 10 years from 6th December 2017 without any further rent reviews producing £12,000pax. The current income is £29,000pax. FUTURE DEVELOPMENT: Subject to obtaining vacant possession & any consents which may be required, the 1st floor seemingly offers potential for conversion to a 1 bedroom flat.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,041 SF
Building Class
B
Year Built
1921
Price
$539,546
Price Per SF
$518
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Amenities
- Signage
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