Land for sale in 6-8 Park Street, Luton, Bedfordshire LU1

Description

Key features:

• Planning Permission Granted


• 19 Residential Units


• Conversion of Existing Floors


• 2 Additional Floors


• Town Centre Location

Currently 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.

Planning permission has been obtained (Planning Ref No: 22/00574/ful) for a total of 19 new residential dwellings as per the following.

Floor
Bedrooms
Quantity

First & Second
1-bed
8

First & Second
2-bed
2

Proposed Third & Fourth Floor
1-bed
7

Proposed Third & Fourth Floor
2-bed
2

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

Terms

With the benefit of planning permission, 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.