Office for sale in Proctor Way, Luton LU2

Offers in region of £800,000 (£129.53/sq. ft)
Office for sale 6,176 sq. ft*
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Property description

Long leasehold office investment located at London Luton Airport. London Luton Airport is the UK’s fifth busiest airport with a current capacity of 18 million passengers per annum and it is the intention to increase this capacity to 32 million passengers per annum by 2041. This will be achieved through the construction of a second terminal and associated infrastructure including a new access road (further details are available on request).

Proctor Way is located just off Percival Way which is the main commercial road serving London Luton Airport with nearby occupiers including, Tui, Signature Flight Support and Gulfstream

Two detached office buildings extending to 6,176 sq ft (573.99 sq m) with 37 car parking spaces.

Essex House is let to Sixt Car Rental, Twinjet Aircraft Sales & Oryx Jet producing £53,688 per annum. Eaton House available to let.

Opportunity to re-structure existing leases and let the vacant Eaton House.

Estimated Rental Value of £95,188 per annum (£69,108 per annum after deducting ground rents).

Offers in the region of £800,000 to show a net initial yield of 8.25% when fully let.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Jessop & Co, LU1 on +44 1582 936643 * (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 Jessop & Co, and do not constitute property particulars. Please contact Jessop & Co 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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