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Retail premises for sale

£375,000 (£937.5/sq. ft) Guide price

Hitchin Road, Luton LU2

Retail premises for sale 400 sq. ft*
Interested in this property? Call +44 1582 955849 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Title

The property is secured under Title BD327942.

Location

Luton which has a population of two hundred and fifty thousand people when combined with Dunstable, straddles junctions 10 and 11 of the M1 motorway.

The property is contained in the sought after secondary shopping area of Stopsley village on the eastern edge of the town two miles from the town centre and one mile from London Luton Airport.

Description

It comprises a two storey, end of terrace building which provides a ground floor self-contained lock up shop and a self-contained first floor effectively one bedroom flat.

Accommodation & Facilities

Ground Floor Shop:

• Gross internal area 400 sq ft/37.161m2

First Floor One Bedroom Flat:

• Single phase electricity
• Mains lighting and power
• Mains drainage
• On street car parking is available


VAT


No VAT is payable on the purchase price.

Planning

Whilst prospective purchasers should verify the planning position with the local planning authority () the planning history of the property has an established use of retail on the ground floor and residential on the first floor.

Rateable Value

The Valuation Office Agency website () indicates a rateable value of £9400.

Lease Terms

The ground floor is secured on a ten year lease dated 19th December 2022 at a passing rent of £12,000 per annum subject to rent reviews in 2026 and 2029 and a tenant only break in December 2023 and December 2027. The tenant may be open a surrender.

The first floor will be vacant.

Legal Costs

Each party to pay their own legal costs.
Energy Performance Certificate

An Energy Performance Certificate will be provided.

Viewing

Viewing is strictly by appointment through Peter Hill Chartered Surveyors on / .

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

Arrange Viewing

For more information about this property, please contact
Peter Hill Chartered Surveyors, LU1 on +44 1582 955849 * (local rate)

Contact Peter Hill Chartered Surveyors about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Peter Hill Chartered Surveyors, and do not constitute property particulars. Please contact Peter Hill Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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