Description

The purpose built office building has been used for a variety of uses including leisure over recent years. It remains fully let (retail units) but the upper floors (offices) are largely vacant. Current income circa £98,000 per annum. In addition there is a leased roof terrace/shisha bar plus leased ground floor retail/hot food premises.

First Floor – Arlesey Suite – 2,198 sq ft/204.41 sq m – Vacant
Second Floor – Chalgrave Suite – 2,501 sq ft/232.59 sq m – Vacant
Second Floor – Henlow Suite – 2,198 sq ft/204.41 sq m – Vacant
Third Floor – Someries Suite – 2,500 sq ft/232.50 sq m – Vacant
Ground Floor Premises – to be advised.
Roof Top Terrace – to be advised.

Location

Regional House is located within the heart of Luton town centre, having good visibility from Park Viaduct/Stuart Street and being close to the Bedfordshire University.

Terms

The freehold interest is available for £1,800,000. A Tenancy Schedule is available upon request.

Legal Costs

Each party to bear their own legal costs incurred.

VAT

Plus V.A.T. at the appropriate rate if applicable.

Rateable Value

The Rateable Value of this property is as follows (please note this is not the rates payable). Further information is available at (www.tax.service.gov.uk) First Floor – Arlesey Suite – £17,500 Second Floor – Chalgrave Suite – To be confirmed Second Floor – Henlow Suite – £17,500 Third Floor – Someries Suite – £18,500 Ground Floor Premises – to be advised. Roof Top Terrace – to be advised.