Prime Retail / Residential Investment
Ground Floor Restaurant & 6 Flats
Freehold For Sale
Summary
- Prime Freehold Retail/Residential Investment
- Ground Floor Restaurant & 6 Flats
- Fully Tenanted & Income Producing
- Total Income:£95,700 pax
- Prime Location Within Luton Town Centre
- 5,380 Sqft (500 Sqm)
- 4x1 Bed Flats & 2x2 Bed Flats
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Restaurant | 1,753 | 162.86 | Available |
| 1st - 1x2 Bed, 2x1 Bed Flats | 1,680 | 156.08 | Available |
| 2nd - 2x1 Bed, 1x2 Bed Flats | 1,948 | 180.98 | Available |
| Total | 5,381 | 499.92 |
Location
The property is located in a prime position on the North - West side of Manchester Street, close to the junctions of Alma Street and Gordon Street being in the heart of Luton Town Shopping Centre amongst many well known multiple and local retailers, bars and restaurants. Immediately opposite is the Galaxy leisure complex which includes Cineworld, The Gym Group, Tenpin Bowling & White House Wetherspoon and Luton Point shopping centre which includes TK Max department store. Transport facilitates are good with Luton Overground station being within a few minutes walk which goes directly into St Pancreas International Station (30 mins) Luton airport is within a 10 minute drive.
Get directions from Google Maps
Mainline Stations
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Luton4 mins
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Luton Airport Parkway22 mins
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Leagrave46 mins
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Harpenden104 mins
Underground Station
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Chesham283 mins
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Watford Junction290 mins
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Watford298 mins
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Watford High Street305 mins
Further Information
Price £1,200,000
Rates Payable Upon Enquiry
Service Charge n/a
EPC Rating This property has been graded as C (75)
Description
Comprises a ground floor restaurant together with 6 self contained flats arranged on the first and second floors split up to provide 4x1 beds and 2x2 beds with independent street access. The entire property is fully Let and income producing.
Identification
In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful tenant.
Viewings
Strictly by appointment through owner’s SOLE agents as above.
Residential
The 6 flats are all Let on separate AST agreements at a combined rent of £72,700 per annum.
Freehold Price
The building is being sold Freehold with a Land Registry Title Number (BD44453)
£1,200,000 plus Vat
Ground Floor Restaurant
The ground floor is Let to Mohammed Saghir on a proportional Full Repairing & Insuring Lease for a term of 10 years from 20th December 2018 without further rent review at a rent of £23,000 pax
Total Rental Income
£95,700.00 plus Vat
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