Location

George Street West is located within Luton Town Centre, off George Street, which is effectively the town’s high street. All town centre amenities are within proximity including The Mall, Luton Mainline Train Station, retail, food/beverage providers, banks, etc. Furthermore, a number of key development sites are within proximity. Firstly, the former Bute Street carpark, which is to house a new performing arts venue called The Stage and a mixture of residential and commercial premises. Secondly, Power Court, which is to house a new stadium and will be the new home of Luton Town Football Club.

Description

The imposing property was for many years used by a local company of solicitors and is arranged over basement, ground, first and second floor.

Planning consent has been obtained by Prior Approval for the conversion to residential accommodation. Consent is for 7 one-bedroom apartments and 1 two-bedroom apartment.

Whilst planning consent is granted for residential conversion, the property would lend itself to a variety of other uses (some STPP). For example: place of worship, nursery, education, R&D, offices, etc.

Terms

The freehold interest is available for £850,000.

Rateable Value

The Rateable Value for the subject property is £31,250 (please note this is not rates payable).

Legal Costs

Each party to bear their own legal and professional costs.

VAT

Unless otherwise stated, all costs are subject to VAT at the appropriate rate, if applicable.