32-32a Wellington Street, Luton, Luton, LU1 2QH

Description:

The property is fully let, comprising a restaurant at ground floor and basement level, with the first and second (attic) floor comprising of a self-contained apartment. The property is mid-terraced, and pavement lined with on-road parking provision immediately outside.

Ground Floor & Basement

Well-appointed and extended at the rear. The lease commenced in June 2021 with the tenant paying £20,000 per annum. The lease expires 01/06/28.

 

First & Second Floor

With pedestrian access off Peel Street, the first floor comprises a kitchen/bathroom/lounge, whilst the second floor comprises two double bedrooms. The tenants pay £10,500 per annum

Location:

Wellington Street is located within Luton town centre, providing for a very popular secondary trading location, just off George Street (Luton’s High Street).

Terms:

The freehold interest, with the benefit of both tenants whose combined rental totals £30,500 per annum, is available for £425,000.

Rateable Value:

The Rateable Value for the shop is £8,300 (please note this is not rates payable). The Council Tax Band for the apartment is ‘Band A’.

Legal Costs:

Each party to bear their own legal and professional costs.

VAT: