Industrial for sale in Burr Street, Luton LU2
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- A 0.57 hectare (1.4 acre) underutilised industrial island site
- Situated minutes from Luton train station
- Planning consent granted to provide 406 apartments
- 398 private residential apartments
- On-site affordable housing provision of eight units
- The total proposed NIA is approx. 21,943 m2 (236,194 ft2)
- The total proposed gia is approx. 27,847 m2 (299,742 ft2)
- A S73 has been submitted for an additional eight apartments and to vary the S106
Property description
Situated minutes from Luton train station, providing access to London in 25 minutes and within easy reach of London Luton International Airport.
The development is in High Town, an area undergoing substantial regeneration due to the High Town Masterplan.
A planning application has been granted (Ref: 22/00807/ mmamd & 24/00065/ amend) to demolish the existing buildings and construct a new residential development over four separate blocks from five to eleven storeys comprising:
• 398 private residential apartments.
• On-site affordable housing provision of 8 x dmr units.
• Predominantly one & two-bed apartments.
• NIA approx. 21,943 m2 (236,194 ft2).
• gia approx. 27,847 m2 (299,742 ft2).
• Amenity approx. 144 m2 (1,550 ft2).
It is our understanding that there are S106 Contributions of approx. £850,000 and Zero cil Liabilities, however, we strongly encourage interested parties to carry out their own due diligence to confirm this.
A S73 has been submitted for an additional eight apartments and to vary the S106 to significantly reduce the financial contributions and remove the on-site affordable units.
The property is offered for sale freehold with vacant possession upon legal completion.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
GLPG, W1H on +44 20 3007 0694 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by GLPG, and do not constitute property particulars. Please contact GLPG 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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