Land for sale in 48 Alma Street, Luton, Bedfordshire LU1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Description
This mixed-use property is of brick construction with a pitched tiled roof and there is a single storey extension to the rear. The ground floor is formed of commercial accommodation, currently let to a food and beverage occupier. There is a sales/seating area to the front, with a commercial kitchen to the rear. The upper two floors form residential accommodation and are let to a separate tenant.
The property is fully let and therefore income producing. The passing rents are as follows:
•Commercial = £8,496 per annum exclusive
•Residential = £10,800 per annum
•Total Income = £19,296 per annum
Location
The end of terrace property is located on Alma Street, within Luton town centre. The surrounding area consists of a mixture of residential and commercial premises. Furthermore, the below are within proximity.
•Luton Mainline Train Station = 9 minute walk
•Bedfordshire University = 14 minute walk
•London Luton Airport = 13 minute drive
•Luton & Dunstable Hospital = 15 minute drive
Terms
The property is available to purchase upon a freehold basis for £305,000. The sale of the property is subject to both the commercial and residential tenancies.
Rateable Value
The Rateable Value of this property is £5,400 (please note that this is not the rate to pay)
Legal Costs
Each party to bear their own legal costs incurred.
VAT
Plus V.A.T. At the appropriate rate if applicable.
* 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.