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.