41-45 Chapel Street, Luton, LU1 5DA

Summary

The retail premises forms part of the ground floor of a purpose built apartment block.

Left hand retail - 444 sqft (41.25 sqm)
Right hand retail - 298 sqft (27.71 sqm) plus kitchen and w/c.

- Shop depth circa 8m.
- 2.25m ceiling height
- Solid floor
- Electric heating
- Electric security shutters
- Double aluminium shop front
- Single phase electric
- Disabled w/c

Key Points

VAT

We are verbally advised by our client that VAT is not applicable.

Rateable Value

The Rateable Value as of April 2026 is £17,500 (please note this is not rates payable).

Legal Fees

Each party is to bear its own professional fees incurred.

Location

Luton is one of the largest towns in the UK without city status. The town benefits from exceptional connectivity via the A505, A6 and M1 (J10, J11 & J11A). Three train stations offer high speed services to London St Pancras. There is an international airport on the cusp of a major expansion.

Chapel Street is located within Luton town centre, within walking distance of George Street, Luton Point (shopping mall) and the University of Bedfordshire.

Terms

The shop is let for a term of five years with a rent review and break option on the third anniversary. The passing rent is £14,000 per annum. We are advised the property is held on a 999 year ground lease with peppercorn ground rental. The ground lease interest is available, subject to the existing tenancy, for £242,500.