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

Viewing

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.