Crown Court, 17 & 19 New Bedford Road, Luton, LU1 1SA
2,000 Sq Ft / Other / Investment
For Sale
- £350,000.00
Available - Last updated: 09 September 2025
Summary
Purpose built premises comprising two retail units and 8 apartments with undercroft car parking. The retail units are both let and the apartments have been sold.
Retail Unit 17 - let for a term of 9 years from June 2017. The passing rental is £8,000. The 2023 rent review has not been settled. We believe it to have a rental value of circa £13,000 per annum. Lease expires 2026.
Retail Unit 19 - let for a term of 15 years from June 2021. The passing rental is £14,000 per annum and was set in June 2021.
Undercroft Car Park - Approximately 5 spaces all demised.
Crown Court Apartments - 5 have already seen lease extensions. 3 apartments have not seen their ground leases extended. The ground leases are for a term of 99 years from March 1988. Current ground rent total income £760 per annum.
The last ground lease to be extended was undertaken at a premium of £23,800 in March 2019.
Key Points
Town Centre LocationMulti-LetIncome ProducingCar Parking
VAT
VAT will be payable at the appropriate rate if applicable.
Location
Crown Court is located at the junction of New Bedford Road and Inkerman Street in Luton town centre and is opposite The Galaxy Leisure Centre.Terms
The freehold interest subject to the existing tenancies is available at £350,000.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£350,000.00
| NA |
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