Mixed-Use Investment Property
Summary
- Town Centre Location
- Prominent Corner Position
- Multi-Let
- Income Prodcuing
- Freehold
Location
The property occupies a prominent corner position within Dunstable town centre, at the corner of High Street North and Albion Street. High Street North forms Dunstable’s main retail core and is a major arterial route through the town. All town centre amenities are within proximity, to include The Quadrant shopping centre, retail, banking, cafes, restaurants, pubs, bars, public space, parking, etc.
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Mainline Stations
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Leagrave58 mins
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Luton90 mins
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Harlington (Bedfordshire)102 mins
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Luton Airport Parkway106 mins
Underground Station
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Chesham253 mins
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Amersham293 mins
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Chalfont and Latimer294 mins
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Chorleywood311 mins
Further Information
Price £385,000
Description
The period property is arranged over basement, ground, first and second floor. The two upper floors are converted to apartments, whilst the ground floor is let to Urban & Rural estate agents whose lease expires on 23rd June 2028. The current income stream is as follows:
- Flat 1 = £9,900 pa
- Flat 2 = £9,000 pa
- Retail = £9,400 pa
- Total = £28,300 pa
Terms
The freehold interest is available, subject to the existing tenancies, for £385,000.
Rateable Value
The Rateable Value for the subject property is £9,300 (please note this is not rates payable).
VAT
We are advised by our client that the property is not elected for VAT.
Legal Costs
Each party is to bear its own costs incurred.
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