Freehold Mixed-Use Investment — Loughton, Essex

Freehold mixed-use property comprising a ground-floor lock-up shop with basement, first-floor front and rear offices with separate access, and five self-contained garages to the rear.

Offers in the region of £850,000

Investment Summary

Ground Floor Shop + 2 Garages£24,000 p.a.Upstairs Offices (Mossford Construction)£14,000 p.a.Total Current Income£38,000 p.a.

Shop Lease20 May 2021 – 19 May 2031. Break clause 20 May 2026. Rent review 20 May 2026.

Office LeaseHolding over.

Property Details

Situated on the High Street in Loughton, Epping Forest District. Overall condition good to very good. Direct Central line access to Central London.

Five garages to the rear. Three garages not included in current lettings.

Add-Value Potential

• Permitted development or planning for conversion of offices to residential apartments

• Potential to add floors subject to planning