Retail premises for sale

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 / .