Key Features
- Vacant class E building with development and asset management potential
- Two-storey commercial building with garage block demised
- Approximately 5,357 sq. ft with scope to expand
- Ideal for a range of alternative uses including Nursery, Dental, Medical, Office etc.
- An indicative scheme comprising 20 apartments has been prepared and available upon request
- Parking and external areas demised
Location
Loughton is a town located in Essex and is part of the Epping Forest District. The Loughton High Road has a number of independent shops, boutiques, restaurants and cafes. The Epping Forest Shopping Park is also nearby, located 1.7 miles from the property. The area offers a range of recreational activities. Loughton Leisure Centre and Epping Forest are both only a 12-minute walk and Epping Forest The area is well-connected. The property is only a 4-minute walk from Loughton Underground Station (Central Line), with a 31-minute journey into Liverpool Street.
Description
The site is located in Loughton and comprises a vacant commercial building, previously used as a medical centre, and a garage block to the rear. The existing property extends to approx. 5,357 sq. ft, and is arranged over the ground and first-floor. The rear of the site can be accessed off Old Station Road via undercroft. There is potential for conversion and extension as well as for a new build scheme. The seller has prepared an indicative scheme comprising 20 apartments over the ground and three upper floors. The property is for sale freehold by way of informal tender (unless sold prior) at Offers Over £1,500,000, subject to contract. The property is also available to rent at a guide rent of £30 per sq.ft. equating to approx. £160,000 per annum.
