Location

The subject property is prominently positioned on Park Street in Luton town centre. As such, all town centre amenities are within walking distance and other amenities within proximity.

• Luton Mainline Train Station = 470m
• The Mall = 135m
• University of Bedfordshire = 100m
• Town Centre Amenities (retail, food and beverage, banking, etc)
• London Luton Airport = 1.65 miles
• Luton & Dunstable Hospital = 2.80 miles
• Proposed LTFC Power Court Development Site = 325m

Description

KEY FEATURES:

• Rare Freehold Opportunity
• Town Centre Location
• Predominantly Open Plan
• Suitable for a variety of uses (STPP) such as gym, showroom, church, education, office, etc.

 

Arranged over ground, first and second floor the premises are occupied by a public house at ground floor level and vacant upon the upper floors – formerly occupied by a gymnasium and fitted out accordingly.

The upper floors are predominantly open and benefit from solid floors, suspended ceiling, LED lighting, WC facilities, changing room, a central stairwell, a fire exit stairwell, and ground floor access onto Park Street.

Planning permission has been obtained (Planning Ref No: 22/00574/FUL) for redevelopment of a total of 19 new residential dwellings, although should a purchaser wish to occupy the premises themselves or rent it out, the consented scheme does not have to be implemented.

Terms

The  property is available to purchase on a freehold basis for £1,100,000. Please note that our client wishes to retain the ground floor (public house) upon the existing ground lease, although may consider selling this too, subject to agreement

Rateable Value

The Rateable Value for the first and second floor is £48,000 (please note this is not rates payable).

Legal Costs

Each party to bear their own legal and professional costs incurred.

VAT

We are advised that VAT will not be applicable.