Land for sale in Stuart Street, Bedfordshire LU1

£3,200,000
Interested in this property? Call +44 20 3463 0385 * or Request Details

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Land for sale

Tenure:
Not available
Council tax band:
Not yet known - A band has not yet been confirmed.

Property features

  • 60 en suite bedroom hotel (business closed)
  • Approximately 30,000 sq ft floor area arranged over lower ground to third floor
  • Sale includes 2 retail units, currently leased for a combined rent of £47,500 per annum
  • Centrally located property suitable for conversion (subject to planning) to range of uses
  • Car park for 16 vehicles

Property description

The Stuart Hotel occupies on a prominent position, with part of the property fronting the arterial A505 (Stuart Street) but also with a pedestrian entrance off Upper George Street.

Previously operated as hotel, the business has been closed for at least 2 years. The property has remained vacant since and now offers an opportunity for a new owner to reopen it as a hotel or (subject to planning) redevelop it for alternative use. For example, residential or student accommodation.

Luton is a bustling town and one of the largest in Bedfordshire with an estimated population of 213,000. Located around 32 miles north of central London, it is home to the University Bedfordshire and around 15,000 students. The town has long standing links with Vauxhall; their Luton plant being one of their largest focussed on the production of commercial vehicles.<br /><br />

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For more information about this property, please contact
Colliers International Residential, W1U on +44 20 3463 0385 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Colliers International Residential, and do not constitute property particulars. Please contact Colliers International Residential 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.

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