Industrial for sale in Unit 18-19, Progress Park, Ribocon Way, Luton, Bedfordshire LU4
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Description
This modern light industrial property originally formed a terrace of similar units, however the middle/party wall dividing Unit 18-19 has been removed such that this is now a single, open plan unit.
- Ground floor 2,662.56 sqft (247.62 m2).
- Steel framed mezzanine 1,627.65 sqft (151.37 m2).
- New LED lighting.
- Circa 6-8 parking spaces upon forecourt.
- Tea making facility, shower and disabled w/c.
- 2x up and over access doors.
- Ridge height 7.39m.
- Height under mezzanine 2.48m.
- Steel framed construction.
- Pitched profile sheet roof.
- Translucent panels.
Location
Progress Park was built circa 1988 and is accessed off Sedgwick Road/Toddington Road, toward the north west of Luton, having good access to the M1 Junction 11a.
Terms
The property is held upon two ground leases, each for a term of 125 years from 1988. The passing ground rent is £2,200 per unit, per annum.
- To let: The unit is available to lease for a term to be agreed at a rental of £38,950 per annum exclusive.
- For sale: The ground leases combined are for sale at a price of £435,000
Legal Costs
Each party to bear their own legal costs incurred.
VAT
Plus VAT at the appropriate rate.
Rateable Value
The Rateable Value of this property as of 01 April 2023 is £52,500 (please note this is not the rates payable).
As the property has been refurbished, our client will be making an appeal on this Rateable Value which should see it being substantially reduced. Further information upon request.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
S.R. Wood & Son Ltd, LU2 on +44 1582 944995 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by S.R. Wood & Son Ltd, and do not constitute property particulars. Please contact S.R. Wood & Son Ltd 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.