98 WESTBURY LANE

Investments/Development Opportunities,Buckhurst Hill,IG9 5PW,B1 , Sold

Commercial information:

868 sq ft ( 80.6372 sq m)

Price : £395,000.00

Key features

Size: 868Sq ft | Property Type: Investments/Development Opportunities
Tenure: Freehold | Area: Buckhurst Hill | Postcode: IG9 5PW

Location

The property is situated on Westbury Lane which runs parallel with Palmerston Road to the North & Queens Road to the South, the latter being the principal commercial road which serves Buckhurst Hill along which there are numerous eateries, fashion shops & beauticians. In addition to the local businesses, national occupiers including Waitrose, Prezzo & Costa Coffee are also represented. There is pay & display parking available along Queens Road in addition to a public car park which is close by. Buckhurst Hill (Central Line) station is within a 5 minute walk of the property

Contact Details

Bennett Phillips Luton

199a High Road
Loughton
Essex
IG10 4LF


Tel : 020 8501 3000
Phone : 020 8501 3000
Fax : 020 8500 5008

Comprising a self-contained office building (B1) use, laid out to provide an open plan office / reception area with two additional offices situated on the ground floor, totalling approx 664sq ft together with Kitchenette & WC facilities. There is an additional open plan office on the 1st floor, measuring approx 20sq ft, located above the reception area. Externally there is a large paved area to the side of the building which provides parking for 5 /6 cars.
 
PLANNING:
Our client has recently submitted an Outline Planning Application for the development of 2 x (not less than) 2 bed mews style cottages or apartments. The proposal is to either use the existing in part / extend or to carry out the development by way of a new build. Full details available on request & by visiting Epping Forest Councils Planning portal & using application number EPF/1012/20/NEW 

Other Details


Accomodation

Comprising a self-contained office building (B1) use, laid out to provide an open plan office / reception area with two additional offices situated on the ground floor, totalling approx 664sq ft together with Kitchenette & WC facilities. There is an additional open plan office on the 1st floor, measuring approx 20sq ft, located above the reception area. Externally there is a large paved area to the side of the building which provides parking for 5 /6 cars.

Amenities

* 5/6 Car Parking Spaces * Approximately 868sq ft (80.72m2) * Outline Planning Applied submitted to construct 2 residential dwellings * 5 Minute Walk from Central Line Station * GCH (Not Tested)

Lease

TENURE: Freehold

Rent

PRICE: £395,000 (Three Hundred and Ninety Five Thousand Pounds) to include full vacant possession.

Rates

The Rateable Value 2019/2020: £13,250 Rates Payable: 2019/2020: £6611.75 per annum No rates payable up to £12,000 then from £12,001 to £15,000 there is tapered relief but only if occupying a single space. If taking a second property where the RV is over £12,001 then relief is lost on the first property although the benefit may remain for a short period. Exemption extended to 31/3/22 at the earliest if RV up to £12,000 on a single property only.

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

Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at marc@bennettphillips.com


Latest News

RICS Logo
The RICS Client Money Handling Procedure
RICS Logo
The RICS Client Money Protection Scheme
RICS Logo
The RICS Client Money Protection Certificate