Retail premises for sale

Title - The Freehold Interest in the property is secured under Title BD83880.

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 neighbourhood of Leagrave three miles north of Luton town centre.

Junction 11 of the M1 motorway is two miles distant. Leagrave mainline railway station is within fifteen minutes’ walk.

Description - It comprises a three storey end of terrace building which provides a ground floor self-contained lock up shop and a self-contained two bedroom maisonette over with garage (both tenanted).

Accommodation

Ground Floor Shop - Gross internal area 692 sq ft

First and Second Floor Maisonette

• Single phase electricity
• Mains lighting and power
• Mains drainage
• Garage to rear
• 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 has an established used of takeaway, now falling under Class E of the Use Classes Order.

Rateable Value - The Valuation Office Agency website () indicates a rateable value of £7,000 for the ground floor shop.

Lease Terms - The ground floor is secured on a ten year lease dated 28th June 2017 at a passing rent of £16,500 per annum subject to rent review in 2027 and a tenant only break in July 2027.

The maisonette is let on an assured shorthold tenancy presently producing £950 per calendar month.

Documents can be made available for interested parties.

Legal Costs - Each party to pay their own.

Energy Performance Certificate - An Energy Performance Certificate will be provided.

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