Offers in region of
£795,000
(£259.13/sq. ft)
Land for sale7A Old Bedford Road, Luton LU2
3,068 sq. ft
Freehold
About this property
Town Centre Location
Near Luton Mainline Railway Station
Consented Development Scheme
16 Apartments
Description
The subjected land consists of approximately 3,068 sqft (285 sqm). Planning consent was granted in July 2022 (application ref: 19/01358/ful) for the erection of a 7-storey building comprising 16 apartments. The development will include 11x 2-bedroom apartments and 5x 1-bedroom apartments. This planning has recently expired but it is felt it could be achieved once again.
Location
Luton is one of the largest towns in the UK without city status. I can be considered a major centre of commerce and is exceptionally well-connected via an international airport, the M1 (J10, J11 & J11a), the A505, the A6, and three railway stations with high speed services to London St Pancras. The town is also subject to major investment/development with the expansion of London Luton Airport, development of a new football stadium at Power Court, and a new performing arts venue 'The Stage' on the former Bute Street carpark.
The subject site occupies a corner position by the junction of Old Bedford Road and Hucklesbury Way (A6), having close proximity to Luton town centre and the mainline train station - with direct lines to London St Pancras in circa 20-30 minutes.
Terms
The freehold interest of the consented development land is available for £795,000.
The site is owned in a Limited Company. The shares in this company can be purchased which will offer the buyer a financial saving on sdlt.
VAT
All costs are subject to VAT at the appropriate rate if applicable.
Legal Costs
Each party is to bear its own costs incurred.
The subjected land consists of approximately 3,068 sqft (285 sqm). Planning consent was granted in July 2022 (application ref: 19/01358/ful) for the erection of a 7-storey building comprising 16 apartments. The development will include 11x 2-bedroom apartments and 5x 1-bedroom apartments. This planning has recently expired but it is felt it could be achieved once again.
Location
Luton is one of the largest towns in the UK without city status. I can be considered a major centre of commerce and is exceptionally well-connected via an international airport, the M1 (J10, J11 & J11a), the A505, the A6, and three railway stations with high speed services to London St Pancras. The town is also subject to major investment/development with the expansion of London Luton Airport, development of a new football stadium at Power Court, and a new performing arts venue 'The Stage' on the former Bute Street carpark.
The subject site occupies a corner position by the junction of Old Bedford Road and Hucklesbury Way (A6), having close proximity to Luton town centre and the mainline train station - with direct lines to London St Pancras in circa 20-30 minutes.
Terms
The freehold interest of the consented development land is available for £795,000.
The site is owned in a Limited Company. The shares in this company can be purchased which will offer the buyer a financial saving on sdlt.
VAT
All costs are subject to VAT at the appropriate rate if applicable.
Legal Costs
Each party is to bear its own costs incurred.
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