Land for sale in 2-12 Bolton Road, Luton, Bedfordshire LU1

Description

Planning consent at Appeal has been obtained for the demolition of an industrial unit and the construction of a new 6 storey, town centre block of flats with commercial premises upon the ground floor. The subject site is located close to Bedfordshire University and Luton town centre.
Appeal Ref:- app/B0230/W/21/3275436 dated 09 March 2022.

• Site area 0.04 hectare/0.098 acre.
• 2 allocated parking spaces.
• Ground floor commercial area totalling 1,202 sqft/112 m2).
• Residential area totalling 6,027 sqft (560 m2).
• Total - 7,233.36 sqft (672 m2).

The dwellings range between 61.50 m2 and 64.50 m2.

Terms

The industrial unit is currently let and a Deed of Surrender has been entered into to enable vacant possession in order for the development to commence.

The premises are owned in a single asset company. The shares in this company are for sale which will offer the purchaser a financial saving on Stamp Duty Land Tax.
Available freehold at £895,000.

Legal Costs

Each party to bear their own legal costs incurred.

VAT

Plus V.A.T. At the appropriate rate if applicable.