Substantial & Prominent Premises | Possible Development Opportunity (STPP)
Summary
- Substantial Site
- Prominent Location (A6 Arterial Route)
- Ideal for F&B/Leisure Use
Location
Luton is one of the larges towns in the UK without city status. The town can be considered a major area of commerce and is exceptionally well-connected via: an international airport, three trains stations with direct and high speed services to London St Pancras, the M1 (J10, J11 & J11a), the A505 and the A6.
The subject site is prominently positioned on the corner of Barton Road (A6) and Wycombe Way towards to north of Luton. The A6 forms a major arterial route between Luton and Bedford.
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Mainline Stations
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Leagrave31 mins
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Luton49 mins
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Luton Airport Parkway66 mins
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Harlington (Bedfordshire)81 mins
Underground Station
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Chesham322 mins
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Watford Junction340 mins
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Watford348 mins
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Chalfont and Latimer352 mins
Further Information
EPC Rating This property has been graded as C (61)
Description
The site comprises approximately 1.34 acres | 58,236 sqft | 5,410 m2 and is regular in shape. Upon the site is the now vacant Warden Tavern, formally occupied by Beefeater.
We are of the opinion that subject to planning permission being obtained, the site may be suitable for uses such as: public house, leisure, residential redevelopment, drive-thru, EV charging, events venue.
Terms
We are instructed to market the site for lease, although our clients will give consideration to a sale of the freehold interest. POA.
Rateable Value
The Rateable Value for the subject property is £135,000 (please note this is not rates payable). As with public houses this RV is based upon turnover, this may be suitable for review. Applicants are encouraged to make their own enquiries to the VOA.
VAT
All costs are subject to VAT at the appropriate rate if applicable.
Legal Costs
Each party it to bear its own costs incurred.
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