2-12 Bolton Road, Luton, Bedfordshire, LU1 3HR

  • Consented Development Site £895,000
2-12 Bolton Road, Luton, UK
Investment/Development

2-12 Bolton Road, Luton, Bedfordshire, LU1 3HR

2-12 Bolton Road, Luton, UK
  • Consented Development Site £895,000
7233 SqFt (672.0 m2)

Property Info

Description

Planning consent at appeal has been obtained for the demolition of an industrial unit and the construction of a new 6 storey, town centre block of flats with commercial premises upon the ground floor. The subject site is located close to Bedfordshire University and Luton town centre.

Appeal Ref:- APP/B0230/W/21/3275436 dated 09 March 2022.

  • Site area 0.04 hectare/0.098 acre.
  • 2 allocated parking spaces.
  • Ground floor commercial area totalling 1,202 sqft (112 m2).
  • Residential area totalling 6,027 sqft (560 m2).
  • Total – 7,233.36 sqft (672 m2).

Terms

The industrial unit is currently let and a Deed of Surrender has been entered into to enable vacant possession in order for the development to commence. The premises are owned in a single asset company. The shares in this company are for sale which will offer the purchaser a financial saving on Stamp Duty Land Tax. Available freehold at £895,000.

Legal Costs

Each party to bear their own legal costs incurred.

VAT

Plus V.A.T. at the appropriate rate if applicable.

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