Non quoting
Town house for saleNew Bedford Road, Luton LU1
2,000 sq. ft
Just added
Freehold
About this property
Town Centre Location
Rental Income
Carparking
Description
Purpose built premises comprising two retail units and 8 apartments with undercroft car parking. The retail units are both let and the apartments have been sold.
Retail Unit 17 - let for a term of 9 years from June 2017. The passing rental is £8,000. The 2023 rent review has not been settled. We believe it to have a rental value of circa £13,000 per annum. Lease expires 2026.
Retail Unit 19 - let for a term of 15 years from June 2021. The passing rental is £14,000 per annum and was set in June 2021.
Undercroft Car Park - Approximately 5 spaces all demised.
Crown Court Apartments - 5 have already seen lease extensions. 3 apartments have not seen their ground leases extended. The ground leases are for a term of 99 years from March 1988. Current ground rent total income £760 per annum.
The last ground lease to be extended was undertaken at a premium of £23,800 in March 2019.
Location
Crown Court is located at the junction of New Bedford Road and Inkerman Street, Luton opposite The Galaxy Leisure Centre.
Terms
Terms to be confirmed.
VAT
Unless otherwise stated, VAT will be payable at the appropriate rate, if applicable.
Purpose built premises comprising two retail units and 8 apartments with undercroft car parking. The retail units are both let and the apartments have been sold.
Retail Unit 17 - let for a term of 9 years from June 2017. The passing rental is £8,000. The 2023 rent review has not been settled. We believe it to have a rental value of circa £13,000 per annum. Lease expires 2026.
Retail Unit 19 - let for a term of 15 years from June 2021. The passing rental is £14,000 per annum and was set in June 2021.
Undercroft Car Park - Approximately 5 spaces all demised.
Crown Court Apartments - 5 have already seen lease extensions. 3 apartments have not seen their ground leases extended. The ground leases are for a term of 99 years from March 1988. Current ground rent total income £760 per annum.
The last ground lease to be extended was undertaken at a premium of £23,800 in March 2019.
Location
Crown Court is located at the junction of New Bedford Road and Inkerman Street, Luton opposite The Galaxy Leisure Centre.
Terms
Terms to be confirmed.
VAT
Unless otherwise stated, VAT will be payable at the appropriate rate, if applicable.
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