Location

Wellington Street is located within Luton town centre, providing for a very popular secondary trading location, just off George Street (Luton’s High Street).

Description

The property is fully let, comprising a restaurant at ground floor and basement level, with the first and second (attic) floor comprising of a self-contained apartment. The property is mid-terraced, and pavement lined with on-road parking provision immediately outside.

Ground Floor & Basement

Well-appointed and extended at the rear. The lease commenced in June 2021 with the tenant paying £20,000 per annum. The lease expires 01/06/28.

 

First & Second Floor

With pedestrian access off Peel Street, the first floor comprises a kitchen/bathroom/lounge, whilst the second floor comprises two double bedrooms. The tenants pay £10,500 per annum

Terms

The freehold interest, with the benefit of both tenants whose combined rental totals £30,500 per annum, is available for £425,000.

Rateable Value

The Rateable Value for the shop is £8,300 (please note this is not rates payable). The Council Tax Band for the apartment is ‘Band A’.

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.