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48 Alma Street, Luton, Bedfordshire, LU1 2PL
524 Sq Ft / Other / Investment
Withdrawn - Last updated: 22 February 2024
Description:
The mixed-use property is of brick construction with a pitched tiled roof and there is a single storey extension to the rear. The ground floor is formed of commercial accommodation, currently let to a food and beverage occupier. There is a sales/seating area to the front, with a commercial kitchen to the rear. The upper two floors form residential accommodation and are let to a separate tenant.
The property is fully let and therefore income producing. The passing rents are as follows:
- Commercial = £8,496 per annum exclusive
- Residential = £10,800 per annum
- Total Income = £19,296 per annum
Location:
The end of terrace property is located on Alma Street, within Luton town centre. The surrounding area consists of a mixture of residential and commercial premises. Furthermore, the following are within proximity:
- Luton Mainline Train Station = 9 minute walk
- Bedfordshire University = 14 minute walk
- London Luton Airport = 13 minute drive
- Luton & Dunstable Hospital = 15 minute drive
Terms:
The property is available to purchase upon a freehold basis, for £305,000. The sale of the property is subject to both the commercial and residential tenancies.
Legal Costs:
Each party to bear their own legal costs incurred.
VAT:
Plus V.A.T. at the appropriate rate if applicable.
Rateable Value:
The property has Rateable Value of £5,400 (please note that this is not the Rate to pay).
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