Location

Chapel Street is located within Luton town centre and is particularly favoured by hot food establishments.

Description

The purpose built commercial premises are pavement lined and mid terraced. The shop has a substantial mezzanine floor installed of 1,077.12 sqft (100.06m²) plus the lower ground floor of 1,012.46 sqft (94.06m²).

Terms

Available upon a new internal repairing and insuring lease for a term to be agreed at a rental of £27,500 per annum exclusive.

Rateable Value

The Rateable Value of this property is £19,000 (please note that this is not rates payable). Subject to certain conditions, you will not pay Business Rates on a property with a Rateable Value of £12,000.00 or less. For properties with a Rateable Value of £12,001.00 to £15,000.00 the rate relief will go down gradually from 100% to 0%, i.e. if your Rateable Value is £13,500.00 you will get a 50% reduction off your bill.

Legal Costs

Each party to bear their own legal costs incurred.

VAT

We are verbally advised that V.A.T. is not charged upon rental.