£995,000
(£185.01/sq. ft)
Retail premises for sale50 Dunstable Road, Luton LU1
5,378 sq. ft
EPC Rating: E
Just added
Freehold
About this property
Highly prominent position in Bury Park area
One mile northwest of Luton town centre
Ancillary commercial space at first floor
Three bedroom apartment
Rare freehold opportunity
Description
A detached property arranged over ground and first floor, comprising 5,378 sqft (499.63 m2). The property is formed of a former club/venue at ground floor level, with ancillary commercial space above together with a 3-bedroom apartment. Externally, there is space for approximately five cars to park.
Location
Connectivity:
Luton has exceptional connectivity, benefitting from an international airport and three train stations with high-speed services to London St Pancras. The town is also served by various arterial routes, notably the M1 (J10, J11 & J11A), the A505 and the A6.
Development/Economic Growth:
Luton is seeing major investment, with a number of key development sites already underway and others on the horizon. These include the expansion of London Luton Airport which is expected to create 11,000 new jobs and see passenger levels increase to 32 million per year by 2043; the development of Power Court which will see the delivery of a new football stadium (the new home for ltfc); the development of the former Bute Street carpark which will see the delivery of a performing arts venue together with office space, food hall, retail space and flats; and the redevelopment of the former Vauxhall manufacturing plant which is expected to see the delivery of a major industrial/logistics scheme.
Situation:
The subject property occupies a highly prominent position adjacent to the Sainsbury’s superstore in Bury Park. Bury Park forms a substantial commercial district approximately 1-mile northwest of the town centre. It is favoured by the Asian community and within the vicinity are a mixture of local, regional and national businesses.
Terms
Available on a freehold basis with vacant possession for £995,000.
VAT
The property has been elected for VAT and so VAT will apply to the purchase price. Please speak with S.R. Wood & Son to discuss your options in this regard.
Costs
Each party is to bear its own legal and professional costs incurred.
A detached property arranged over ground and first floor, comprising 5,378 sqft (499.63 m2). The property is formed of a former club/venue at ground floor level, with ancillary commercial space above together with a 3-bedroom apartment. Externally, there is space for approximately five cars to park.
Location
Connectivity:
Luton has exceptional connectivity, benefitting from an international airport and three train stations with high-speed services to London St Pancras. The town is also served by various arterial routes, notably the M1 (J10, J11 & J11A), the A505 and the A6.
Development/Economic Growth:
Luton is seeing major investment, with a number of key development sites already underway and others on the horizon. These include the expansion of London Luton Airport which is expected to create 11,000 new jobs and see passenger levels increase to 32 million per year by 2043; the development of Power Court which will see the delivery of a new football stadium (the new home for ltfc); the development of the former Bute Street carpark which will see the delivery of a performing arts venue together with office space, food hall, retail space and flats; and the redevelopment of the former Vauxhall manufacturing plant which is expected to see the delivery of a major industrial/logistics scheme.
Situation:
The subject property occupies a highly prominent position adjacent to the Sainsbury’s superstore in Bury Park. Bury Park forms a substantial commercial district approximately 1-mile northwest of the town centre. It is favoured by the Asian community and within the vicinity are a mixture of local, regional and national businesses.
Terms
Available on a freehold basis with vacant possession for £995,000.
VAT
The property has been elected for VAT and so VAT will apply to the purchase price. Please speak with S.R. Wood & Son to discuss your options in this regard.
Costs
Each party is to bear its own legal and professional costs incurred.
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Monthly repayment
£4,977 per month
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