£1,750,000
(£86.03/sq. ft)
Property for saleAlfred Road, Buck Hurst Hill IG9
20,341 sq. ft
EPC Rating: D
Just added
Freehold
About this property
Freehold builders merchants, showroom, offices & yard
Totalling approx 20,341 sq ft
Current gross income £86,348.62 per annum
Rent review due March 2026
Development potential (STPP)
Includes mast on the roof let to EE
Includes parking
** investment for sale ** - The property is situated on Alfred Road, a predominantly residential street, in Buckhurst Hill, Essex. The area is served by local buses and Buckhurst Hill Underground Station is on the Central Line and provides a regular service into Central London and out to Epping. Comprising a 2-storey building which has been occupied by a builders merchants for many years. To the rear of the property is a substantial yard which is used for storage. To the front of the property are 6 diagonal car parking spaces from Alfred Road, together with a further section of land situated to the north of the building providing 3 additional car parking spaces. On top of the building is a telecommunications mast which is let separately. The premises may be suitable for reconfiguration and/or redevelopment, subject to gaining vacant possession and the necessary consents. Please call Clarke Hillyer on for further information.
Location
The property is situated on Alfred Road, a predominantly residential street, in Buckhurst Hill, Essex. The area is served by local buses and Buckhurst Hill Underground Station is on the Central Line and provides a regular service into Central London and out to Epping. Access to the motorway network is via the M11 (southbound only) at Loughton or the M25 at Waltham Abbey.
Description
Comprising a 2-storey building which has been occupied by a builders merchants for many years. To the rear of the property is a substantial yard which is used for storage. To the front of the property are 6 diagonal car parking spaces from Alfred Road, together with a further section of land situated to the north of the building providing 3 additional car parking spaces. On top of the building is a telecommunications mast which is let separately. The premises may be suitable for reconfiguration and/or redevelopment, subject to gaining vacant possession and the necessary consents. The accommodation is more particularly described as follows:
Ground floor: Builders merchants, showroom & offices: 4,771 sq ft (443.2 sq m).
1st floor: Offices, showroom, storage, kitchenette & wcs: 4,874 sq ft (452.8 sq m).
Concrete yard (comprising external storage): 10,696 sq ft (993.7 sq m).
Total: 20,341 sq ft (1,889.7 sq m).
All measurements quoted are approximate only and based on Gross Internal Area.
Tenancies
The entire property is let to Durston UK Ltd on a 15 year full repairing and insuring lease from March 2012. The current passing rent is £75,000 per annum, the lease is inside the Landlord and Tenant Act 1954 and there is a rent review due in March 2026.
The mast and equipment cabin situated on the roof is let to Everything Everywhere Limited and Hutchingson 3G UK Limited and we understand that their original lease has expired and they are holding over. We understand that the current rent passing is £22,697.24 per annum and this is shared equally between the landlord and Durston UK Ltd.
Terms
The freehold is available, subject to the existing tenancies, for £1,750,000.
Business Rates
Epping Forest District Council have informed us of the following:
76 Alfred Road: 2023 Rateable Value: £69,000.
Mast on roof: 2023 Rateable Value: £19,500.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The premises have an Energy Performance Certificate rating of D.
Location
The property is situated on Alfred Road, a predominantly residential street, in Buckhurst Hill, Essex. The area is served by local buses and Buckhurst Hill Underground Station is on the Central Line and provides a regular service into Central London and out to Epping. Access to the motorway network is via the M11 (southbound only) at Loughton or the M25 at Waltham Abbey.
Description
Comprising a 2-storey building which has been occupied by a builders merchants for many years. To the rear of the property is a substantial yard which is used for storage. To the front of the property are 6 diagonal car parking spaces from Alfred Road, together with a further section of land situated to the north of the building providing 3 additional car parking spaces. On top of the building is a telecommunications mast which is let separately. The premises may be suitable for reconfiguration and/or redevelopment, subject to gaining vacant possession and the necessary consents. The accommodation is more particularly described as follows:
Ground floor: Builders merchants, showroom & offices: 4,771 sq ft (443.2 sq m).
1st floor: Offices, showroom, storage, kitchenette & wcs: 4,874 sq ft (452.8 sq m).
Concrete yard (comprising external storage): 10,696 sq ft (993.7 sq m).
Total: 20,341 sq ft (1,889.7 sq m).
All measurements quoted are approximate only and based on Gross Internal Area.
Tenancies
The entire property is let to Durston UK Ltd on a 15 year full repairing and insuring lease from March 2012. The current passing rent is £75,000 per annum, the lease is inside the Landlord and Tenant Act 1954 and there is a rent review due in March 2026.
The mast and equipment cabin situated on the roof is let to Everything Everywhere Limited and Hutchingson 3G UK Limited and we understand that their original lease has expired and they are holding over. We understand that the current rent passing is £22,697.24 per annum and this is shared equally between the landlord and Durston UK Ltd.
Terms
The freehold is available, subject to the existing tenancies, for £1,750,000.
Business Rates
Epping Forest District Council have informed us of the following:
76 Alfred Road: 2023 Rateable Value: £69,000.
Mast on roof: 2023 Rateable Value: £19,500.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The premises have an Energy Performance Certificate rating of D.
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