Substantial commercial property with vacant possession
Summary
- Highly prominent position in Bury Park area
- One mile northwest of Luton town centre
- Ancillary commercial space at first floor
- Three bedroom apartment
- Rare freehold opportunity
Location
Connectivity:
Luton has exceptional connectivity, benefitting from an international airport and three train stations with high-speed services to London St Pancras. The town is also served by various arterial routes, notably the M1 (J10, J11 & J11A), the A505 and the A6.
Development/Economic Growth:
Luton is seeing major investment, with a number of key development sites already underway and others on the horizon. These include the expansion of London Luton Airport which is expected to create 11,000 new jobs and see passenger levels increase to 32 million per year by 2043; the development of Power Court which will see the delivery of a new football stadium (the new home for LTFC); the development of the former Bute Street carpark which will see the delivery of a performing arts venue together with office space, food hall, retail space and flats; and the redevelopment of the former Vauxhall manufacturing plant which is expected to see the delivery of a major industrial/logistics scheme.
Situation:
The subject property occupies a highly prominent position adjacent to the Sainsbury’s superstore in Bury Park. Bury Park forms a substantial commercial district approximately 1-mile northwest of the town centre. It is favoured by the Asian community and within the vicinity are a mixture of local, regional and national businesses.
Get directions from Google Maps
Mainline Stations
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Luton9 mins
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Luton Airport Parkway28 mins
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Leagrave40 mins
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Harpenden110 mins
Further Information
Price £995,000
Rates Payable Upon Enquiry
EPC Rating This property has been graded as C (43)
Description
A detached property arranged over ground and first floor, comprising 5,378 sqft (499.63 m2). The property is formed of a former club/venue at ground floor level, with ancillary commercial space above together with a 3-bedroom apartment. Externally, there is space for approximately five cars to park.
Terms
Available on a freehold basis with vacant possession for £995,000.
VAT
The property has been elected for VAT and so VAT will apply to the purchase price. Please speak with S.R. Wood & Son to discuss your options in this regard.
Costs
Each party is to bear its own legal and professional costs incurred.
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