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295-309 High Road, Loughton, Essex, IG10 6 Retail Properties Offered at £400,000 in Loughton
INVESTMENT HIGHLIGHTS
- Located in Loughton, an affluent commuter suburb
- 30 minutes travel time into London Liverpool Street
- Consented airspace development
EXECUTIVE SUMMARY
The development site is located above a three-storey block fronting onto High Road, Loughton at the junction with Traps Hill. Loughton an affluent commuter suburb within the Epping Forest area, 20 miles north-east of central London. Loughton benefits from excellent road connections, being very close to the M25 Motorway (junction 27), M11 (junction 5), and the North Circular (A406) is approximately 6 miles south. Loughton tube station, which is on the Central Line, is approximately 0.5 miles from the property and provides a regular service into central London with approximately just 30 minutes travel time into London Liverpool Street.
An application has been approved by Epping Forest District Council for a ‘roof extension to provide an additional floor of residential accommodation comprising 4 flats, and associated amenity space and including a new extension of existing staircase and additional escape staircase’. The application reference number is EPF/3294/21.
We are informed that the development is subject to a S106 payment of £8,736. There is no CIL payment due.
The property will be sold with a new 250 year lease.
An application has been approved by Epping Forest District Council for a ‘roof extension to provide an additional floor of residential accommodation comprising 4 flats, and associated amenity space and including a new extension of existing staircase and additional escape staircase’. The application reference number is EPF/3294/21.
We are informed that the development is subject to a S106 payment of £8,736. There is no CIL payment due.
The property will be sold with a new 250 year lease.
PROPERTY FACTS
| Price | £400,000 | Number of Properties | 6 |
| Price psf | £41.83 / sq ft | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Property Size | 9,562 sq ft |
| Sale Type | Investment | Total Land Area | 0.28 ac |
| Status | Active |
| Price | £400,000 |
| Price psf | £41.83 / sq ft |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Property Size | 9,562 sq ft |
| Total Land Area | 0.28 ac |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 301-303 High Rd, Loughton IG10 1AH | Retail | 2,062 sq ft | 1989 | - |
| 305-307 High Rd, Loughton IG10 1AL | Retail | 2,039 sq ft | 1960 | - |
| 309-309A High Rd, Loughton IG10 1AH | Retail | 1,975 sq ft | 1950 | - |
| 295 High Rd, Loughton IG10 1AL | Retail | 1,900 sq ft | 1975 | - |
| 299 High Rd, Loughton IG10 1AH | Retail | 798 sq ft | 1957 | - |
| 297 High Rd, Loughton IG10 1AH | Retail | 788 sq ft | 1950 | - |
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295-309 High Road, Loughton, Essex, IG10
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