Location
The subject site is located on the corner of Old Bedford Road and Hucklesbury Way (A6), having close proximity to Luton town centre and the mainline train station - with direct lines to London Kings Cross in circa 20-30 minutes.
Description
The land consists of approximately 3,068 sqft (285 sqm). Planning consent was granted in July 2022 (application ref: 10/01358/FUL) for the erection of a 7-storey building comprising 16 apartments. The development will include 11 x 2-bedroom apartments and 5 x 1-bedroom apartments.
Terms
The freehold interest of the consented development land is available for
£900,000.
The site is owned in a Limited Company. The shares in this company can be purchased which will offer the buyer a financial saving on SDLT.
Rateable Value
N/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.