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Property details
Map & nearby

Land for sale in 14-25 Gregories Close, Luton, Bedfordshire

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Land for sale

0.1 ac*

Property description

Description

In Gregories Close are 2 apartment buildings. Planning permission has been obtained to construct on each building 2 x 1 bedroom penthouse apartments (4 in total).

To the rear of the site, planning permission was obtained (now lapsed) for the construction of 2 x 2 bedroom apartments. There is an argument that planning permission may be obtained for 2 or 3 town houses. Planning Ref. No. 19/00986/ful.

Finally, the freehold interest is also available in the 2 apartment buildings where the 12 flats, each on 999 year ground leases, each pay £22 per annum ground rent currently, totalling £264 per annum. Our client would be happy to retain this part of the asset if required.

Location

Gregories Close is accessed off New Bedford Road (A6), a short drive from Luton town centre.

Terms

The above in total is available for sale in the sum of £300,000.

Legal Costs

Each party to bear their own legal costs incurred.

VAT

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

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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

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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 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.