for sale mixed use retail and residential …...for sale mixed use retail and residential investment...
Post on 15-Jul-2020
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FOR SALE Mixed Use Retail and Residential Investment
Located within Bury Park, Luton
Good access links to the B579, M1, A5 the A6
Luton railway station is within 1 mile
Ground floor retail unit with residential flat above. Aluminium shop front, WC & kitchen facilities
All mains services, data & telecoms
No Parking
Freehold: £220,000
Approx Retail NIA Area: 409 sq ft (38 sq m)
77 Oak Road, Luton, LU4 8AA
Terms
• Passing Rent: £15,800 pa
Retail - £8,000 pa – 5-year FRI lease from
16th June 2017, break at the end of year 2.
Residential - £7,800 pa – Periodic tenancy
holding over from previous AST.
• Freehold: £220,000 exclusive
• VAT: Not applicable
Business Rates
• Rateable value: £6,700
• The current multiplier for 2017/18 is 47.9p
payable
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Steve Cable
Steve.cable@kirkbydiamond.co.uk
01582 738 866
Specification
• All mains services • Security shutter • Aluminium shop front • Spot lighting • WC & Kitchenette facilities
Floor Area (Net Internal Area - NIA)
The property has been measured in accordance
with the RICS Code of Measuring Practice 6th
Edition.
Ground Floor 409 sq ft (38.00 sq m) First Floor one-bedroom flat
Areas quoted are approximate and should not
be held as 100% accurate.
Location
• The property is located on Oak Road, which is
accessed off Dunstable Road within Bury
Park.
• The property backs onto the Kenilworth Road.
• Luton town centre is located 1 mile distant.
• Good transport links to the B579, M1, A5 & the
A6. Junction 11 of the M1 Motorway is within
2.0 miles & access to the A6 is within 1 mile.
• Luton Train Station is within 1 mile.
Description
• A brick built two storey end terrace property comprising of a ground floor retail premises, with a residential flat to the first floor, which are both let to separate occupiers.
• Forecourt display area • Rear enclosed yard / garden area.
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