£45,000 pa
(£5.23/sq. ft. pa)
Retail premises to let6-8 Park Street, Luton LU1
8,611 sq. ft
About this property
Town Centre Location
Close to Amenities
Open Plan
Use Class E
Flexible Terms
Estimated Rates Payable: £23952
Description
The property is arranged over ground, first and second floor, comprising a public house on the ground and a former gym (now vacant) at first and second floors. The vacant upper floors are predominantly open plan and benefit from solid floors, suspended ceiling, LED lighting, w/c facilities, changing room, a central stairwell, a fire exit stairwell and ground floor access onto Park Street. The property was used most recently as a gym but could potentially be used for other purposes such as a showroom, church, education, leisure, bar, restaurant or an office (STPP).
First floor ceiling height = 11ft (3.35m)
Second floor ceiling height = 10ft (3.10m)
Location
Luton is one of the largest towns in the UK without City Status. The town has exceptional connectivity, benefitting from an international airport and 3 train stations with high speed services to London St Pancras. Furthermore, the town is served by various arterial routes, notably the M1 (J10, J11 and J11a), the A505 and the A6. The subject property is prominently positioned on Park Street within the pedestrianised part of Luton town centre, just off George Street. All town centre amenities are within proximity, including:
- University of Bedfordshire: 115m
- Luton Point shopping centre: 45m
- Mainline Train Station: 460m (0.28 miles)
- Proposed Power Court ltfc Stadium: 300m (0.18 miles)
Terms
The property is available upon a new Full Repairing & Insuring (fr&I) lease for a term to be agreed and for £45,000 per annum exclusive.
Rateable Value
The rateable value for the subject property is £48,000 (please note this is not rates payable).
VAT
We are advised by out client that the property is not elected for VAT.
Legal Costs
Each party is to bear its own costs incurred.
The property is arranged over ground, first and second floor, comprising a public house on the ground and a former gym (now vacant) at first and second floors. The vacant upper floors are predominantly open plan and benefit from solid floors, suspended ceiling, LED lighting, w/c facilities, changing room, a central stairwell, a fire exit stairwell and ground floor access onto Park Street. The property was used most recently as a gym but could potentially be used for other purposes such as a showroom, church, education, leisure, bar, restaurant or an office (STPP).
First floor ceiling height = 11ft (3.35m)
Second floor ceiling height = 10ft (3.10m)
Location
Luton is one of the largest towns in the UK without City Status. The town has exceptional connectivity, benefitting from an international airport and 3 train stations with high speed services to London St Pancras. Furthermore, the town is served by various arterial routes, notably the M1 (J10, J11 and J11a), the A505 and the A6. The subject property is prominently positioned on Park Street within the pedestrianised part of Luton town centre, just off George Street. All town centre amenities are within proximity, including:
- University of Bedfordshire: 115m
- Luton Point shopping centre: 45m
- Mainline Train Station: 460m (0.28 miles)
- Proposed Power Court ltfc Stadium: 300m (0.18 miles)
Terms
The property is available upon a new Full Repairing & Insuring (fr&I) lease for a term to be agreed and for £45,000 per annum exclusive.
Rateable Value
The rateable value for the subject property is £48,000 (please note this is not rates payable).
VAT
We are advised by out client that the property is not elected for VAT.
Legal Costs
Each party is to bear its own costs incurred.
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