Retail premises for sale in Wellington Street, Luton LU1
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Property features
- Current Rent of £27,700 per annum
- Four Floors including basement
- Luton Town Centre
- Investnment opportunity
Property description
An Investment opportunity in the Town Centre of Luton available to purchase. A mixed use Property that comprises of a ground floor Indian restaurant and a 3-bedroom split level maisonette above. The ground floor retail unit with class E use, presented in excellent condition and measures 924.35 sq ft (approx), it comprises of a seating area for approximately 40 covers, open plan to kitchen, further kitchen towards the rear leading to storage rooms and a walk in refridgerator to the rear of the property, under the stairs leads to a W/C and access to the basement. The basement houses two further rooms currently used for storage.
The 3-bedroom split level maisonette has it's own entrance from the street, has class C3 use and measures 514.37 sq ft (approx) and comprises open plan kitchen / living area and bathroom to the first floor and three double bedrooms to second floor.
Both premises are currently occupied on separate tenancies, the Indian restaurant is on a long term lease for £18,000 pa with approximately 12 years remaining with a rent review every 3 years and the 3- bedroom maisonette is rented at £13,200 pa currently on a periodic AST agreement. The annual receipt of this is £31,200 per annum.
Property info
For more information about this property, please contact
Venture Commercial, LU4 on +44 1582 955311 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Venture Commercial, and do not constitute property particulars. Please contact Venture Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.