3 Centric Parade, 200 High Road

Loughton, IG10 1DN

£50,000 /per annum

Description

PART FITTED RESTAURANT / RETAIL PREMISES (Class E Use)
3,186 sq ft( 296 sq. m)

Accommodation

Shop front premises (Class E Use), which most recently traded as a restaurant & is currently fit-out as such. The unit provides a large customer seating area, with provision to seat approx 90 covers, open kitchen, additional mezzanine seating, rear ancillary storage, walk-in fridge / freezer, secure storeroom, 5 x WC’s & rear access for loading & deliveries. In addition, there is mezzanine storage to the rear of the shop, incorporating a manager’s office & externally at the front, there is an area which can be used for additional customer seating for c. 20 covers (subject to pavement licence).

Ground Floor 2,376 sq ft (220.74 sq m)
Mezzanine Seating 250 sq ft (23.23 sq m)
Mezzanine Storage/Office 560 sq ft (52.03 sq m)
Total 3,186 sq ft (295.99 sq m)

 These floor areas are approximate and have been measured on a Net Internal Area (NIA) basis.

Features

  • Parquet flooring
  • Double height aspect ceiling
  • Fully glazed frontage with bi-fold doors
  • Rear loading
  • High Road Location
  • External seating area for circa 20 covers (subject to pavement licence)
  • Infrared ceiling mounted heating
  • Fan operated cooling system

Particulars

Lease

A New Effective FRI Lease is to be made available for a term to be agreed subject to periodic upward only rent reviews.

Rent & Service Charge

Rent - £50,000 per annum exclusive. VAT is applicable.
Service Charge - 2,578.33 per annum to be paid quarterly.

Business Rates

Rateable Value 2026/2027 - £45,500

Legal Costs

Each party are to be responsible for their own legal costs borne in this transaction.

Possession

Immediate upon completion of legal formalities.

Viewing

Sictly by appointment through agents Bennett Phillips Luton | 0208 501 3000 Contact Taylor Phillips@bennettphillips.com

EPC

A⁺ A B C D E F G C

Energy efficiency rating C

Location

The property is situated centrally within the High Road, close to numerous national occupiers who include, The Works, Clarks, TJ Jones, Superdrug, Vodaphone, Card Factory, Spec Savers, Wenzels & Magnet. The Town’s retail offering is able to draw on customer base from the equally affluent adjoining catchments of Buckhurst Hill & Chigwell. Loughton (Central Line) underground station is within a 5-minute walk, with access to the national & local road network afforded via junction 5 of the M11 which is within a 5 minute drive of the High Road.

What's nearby

  • Loughton (Central Line) Underground Station