£600,000
(£420.17/sq. ft)
Retail premises for sale11 Nursery Parade, Luton LU3
1,428 sq. ft
Freehold
About this property
Main Retail Parade Location
Potential Residential Conversion STPP
Vacant Possession
For Sale / To let
Description
The subject property was previously occupied by NatWest Bank and still benefits from the large walk in safe/strong room. Internally there is a suspended ceiling, air conditioning, solid floor, kitchenette, WC and rear pedestrian access. Above the former bank is a self contained and two story office which lends itself to residential conversion.
Location
Marsh Road forms one of Luton's principle commercial/retail districts outside of the town centre. The subject property occupies a mid-terrace and pavement-lined position at Nursery Parade, which forms one of the main retail parades along Marsh Road. There are a range of local, regional and national businesses within proximity including: McDonalds, Lidl, Subway, Connells, Taylors, Co-Op Funeral Care, Papa Johns, Pizza Hut, Iceland, Bet Fred, Poundstretcher, Coral, William Hill, Greggs, Sue Ryder, Keech, etc.
Terms
To let: The ground floor former bank is available by way of a new effective full repairing & insuring lease at a commencing rent of £41,500 per annum exclusive. The upper floors may be available to lease by way of separate negotiation.
For sale: The freehold interest in the entire property (ground, first and second floor) is available, with vacant possession, for £600,000.
VAT
We are verbally advised VAT is not applicable.
Fees
Each party is to bear its own professional fees incurred.
Business Rates
The Business Rates from April 2026 is £22,500 (please note this is not rates payable).
The subject property was previously occupied by NatWest Bank and still benefits from the large walk in safe/strong room. Internally there is a suspended ceiling, air conditioning, solid floor, kitchenette, WC and rear pedestrian access. Above the former bank is a self contained and two story office which lends itself to residential conversion.
Location
Marsh Road forms one of Luton's principle commercial/retail districts outside of the town centre. The subject property occupies a mid-terrace and pavement-lined position at Nursery Parade, which forms one of the main retail parades along Marsh Road. There are a range of local, regional and national businesses within proximity including: McDonalds, Lidl, Subway, Connells, Taylors, Co-Op Funeral Care, Papa Johns, Pizza Hut, Iceland, Bet Fred, Poundstretcher, Coral, William Hill, Greggs, Sue Ryder, Keech, etc.
Terms
To let: The ground floor former bank is available by way of a new effective full repairing & insuring lease at a commencing rent of £41,500 per annum exclusive. The upper floors may be available to lease by way of separate negotiation.
For sale: The freehold interest in the entire property (ground, first and second floor) is available, with vacant possession, for £600,000.
VAT
We are verbally advised VAT is not applicable.
Fees
Each party is to bear its own professional fees incurred.
Business Rates
The Business Rates from April 2026 is £22,500 (please note this is not rates payable).
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Monthly repayment
£3,001 per month
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