14-25 GREGORIES CLOSE, LUTON, LU3 1DL
4,000 Sq Ft / Other / Investment
For Sale
- £300,000.00
Available - Last updated: 21 February 2024
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.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£300,000.00
| NA |
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