Industrial for sale in Unit 2, 53-55 Dudley Street, Luton, Bedfordshire LU2

Description

The premises are purpose built and benefit a shared, gated forecourt with allocated parking.

• Brick elevations.
• Steel framed construction.
• 3 phase electric.
• Fluorescent lighting.
• Solid paint sealed floor.
• W/c.
• Roller shutter door.

Location

Dudley Street is located off Midland Road/Old Bedford Road, on the fringe of Luton town centre, within the High Town suburb.

Terms

The property is owned upon a ground lease basis with circa 50 years remaining. This lease can be purchased for £85,000. Alternatively, the property can be leased for a term to be agreed at £12,000 per annum exclusive.

Legal Costs

Each party to bear their own legal costs incurred.

VAT

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

Rateable Value

The Rateable Value of this property is £9,200 (please note that this is not rates payable). Further information is available at

Subject to certain conditions, you will not pay Business Rates on a property with a Rateable Value of £12,000.00 or less. For properties with a Rateable Value of £12,001.00 to £15,000.00 the rate relief will go down gradually from 100% to 0%, i.e. If your Rateable Value is £13,500.00 you will get a 50% reduction off your bill.