Guide price
£2,900,000
(£212.56/sq. ft)
Industrial for saleHigh Town Road, Luton LU2
13,643 sq. ft
About this property
Commercial & residential investment / development
Opportunity (subject to planning consent)
hightown road, luton, bedfordshire
For sale freehold
location
The premises are located in Hightown Road close to the Round Green district of Luton.
Description
The subject buildings are located on opposite sides of Hightown Road and are comprised mostly of workshops with established use for Motor Vehicle Repairs together with an element of residential.
The properties are further described as follows:-
lot 1 224 hightown road, luton, LU2 0DN
Workshop Unit 1A
2,752 sq ft Let on a 5 yea r lease contracted out of the Landlord &
Tenant Act 1954 commencing August 2022
Rental £24,000 per annum exclusive.
Workshop Unit 1B
2,921 sq ft Let on a 5 year lease contracted outside the Landlord
Tenant Act 1954 commencing June 2025
Rental £28,000 per annum exclusive.
Workshop Unit 2
2,046 sq ft Let on a 3 year lease contracted outside the Landlord
Tenant Act 1954 commencing September 2024
Rental £31,000 per annum exclusive.
224 Hightown Road Residential 3 Bedroomed House
1,668 sq ft Let on an assured shorthold tenancy.
Rental £12,000 per annum.
Total rent income lot 1 £95,000 per annum.
Lot 2. 251/253 hightown road, luton, LU2 0BZ
251 Hightown Rd
341 sq ft Ground Floor Office / Retail Unit.
Let on a 5 year lease contracted out of the Landlord & Tenant Act 1954 from July 2022
Rental £5,000 per annum exclusive.
Workshop R/O 251 Hightown Road
3,273 sq ft
Let on a 5 year lease contracted outside of the
251 Hightown Rd Landlord & Tenant Act 1954 from July 2022
Rental £22,000 per annum exclusive.
Residential First Floor Flat 251 Hightown Road
642 sq ft Let on an assured shorthold tenancy
Rental £6,600 per annum exclusive.
251 Hightown Rd
253 Hightown Road
Residential House Converted into 3 self-contained flats, all of
which are presently let & producing a combined income of £23,400 per annum.
Total rent income lot 2 £57,000 per annum.
Combined rental income for lots 1 & 2 = £152,000 per annum
Terms
The entire property is offered for sale freehold to include the current leases/ tenancies in the sum of £2,900,000 million pounds. Alternatively, consideration may be given to selling Lot 1 & Lot 2 as two separate entities.
VAT We are advised that VAT is not applicable to the sale.
Viewing Strictly by prior appointment via sole agent: -
Duncan welch & company ltd
Opportunity (subject to planning consent)
hightown road, luton, bedfordshire
For sale freehold
location
The premises are located in Hightown Road close to the Round Green district of Luton.
Description
The subject buildings are located on opposite sides of Hightown Road and are comprised mostly of workshops with established use for Motor Vehicle Repairs together with an element of residential.
The properties are further described as follows:-
lot 1 224 hightown road, luton, LU2 0DN
Workshop Unit 1A
2,752 sq ft Let on a 5 yea r lease contracted out of the Landlord &
Tenant Act 1954 commencing August 2022
Rental £24,000 per annum exclusive.
Workshop Unit 1B
2,921 sq ft Let on a 5 year lease contracted outside the Landlord
Tenant Act 1954 commencing June 2025
Rental £28,000 per annum exclusive.
Workshop Unit 2
2,046 sq ft Let on a 3 year lease contracted outside the Landlord
Tenant Act 1954 commencing September 2024
Rental £31,000 per annum exclusive.
224 Hightown Road Residential 3 Bedroomed House
1,668 sq ft Let on an assured shorthold tenancy.
Rental £12,000 per annum.
Total rent income lot 1 £95,000 per annum.
Lot 2. 251/253 hightown road, luton, LU2 0BZ
251 Hightown Rd
341 sq ft Ground Floor Office / Retail Unit.
Let on a 5 year lease contracted out of the Landlord & Tenant Act 1954 from July 2022
Rental £5,000 per annum exclusive.
Workshop R/O 251 Hightown Road
3,273 sq ft
Let on a 5 year lease contracted outside of the
251 Hightown Rd Landlord & Tenant Act 1954 from July 2022
Rental £22,000 per annum exclusive.
Residential First Floor Flat 251 Hightown Road
642 sq ft Let on an assured shorthold tenancy
Rental £6,600 per annum exclusive.
251 Hightown Rd
253 Hightown Road
Residential House Converted into 3 self-contained flats, all of
which are presently let & producing a combined income of £23,400 per annum.
Total rent income lot 2 £57,000 per annum.
Combined rental income for lots 1 & 2 = £152,000 per annum
Terms
The entire property is offered for sale freehold to include the current leases/ tenancies in the sum of £2,900,000 million pounds. Alternatively, consideration may be given to selling Lot 1 & Lot 2 as two separate entities.
VAT We are advised that VAT is not applicable to the sale.
Viewing Strictly by prior appointment via sole agent: -
Duncan welch & company ltd
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