6-8 Park Street, Luton, LU1 3EP
15,938 Sq Ft / Other / Investment
For Sale
- £1,100,000.00
Available - Last updated: 10 May 2024
Description:
KEY FEATURES:
- Planning Permission Granted
- 19 Residential Units
- Conversion of Existing Floors
- 2 Additional Floors
- Town Centre Location
Currently arranged over ground, first and second floor the premises are occupied by a public house at ground floor level and vacant upon the upper floors.
Planning permission has been obtained (Planning Ref No: 22/00574/FUL) for a total of 19 new residential dwellings as per the following.
| Floor |
Bedrooms |
Quantity |
| First & Second |
1-bed |
8 |
| First & Second |
2-bed |
2 |
| Proposed Third & Fourth Floor |
1-bed |
7 |
| Proposed Third & Fourth Floor |
2-bed |
2 |
Location:
The subject property is prominently positioned on Park Street in Luton town centre. As such, all town centre amenities are within walking distance and other amenities within proximity.
- Luton Mainline Train Station = 470m
- The Mall = 135m
- University of Bedfordshire = 100m
- Town Centre Amenities (retail, food and beverage, banking, etc)
- London Luton Airport = 1.65 miles
- Luton & Dunstable Hospital = 2.80 miles
- Proposed LTFC Power Court Development Site = 325m
Terms:
With the benefit of planning permission, the property is available to purchase on a freehold basis for £1,100,000.
Please note that our client wishes to retain the ground floor (public house) upon the existing ground lease, although may consider selling this too, subject to agreement
Rateable Value:
The Rateable Value for the first and second floor is £48,000 (please note this is not rates payable).
Legal Costs:
Each party to bear their own legal and professional costs incurred.
VAT:
We are advised that VAT will not be applicable.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£1,100,000.00
| NA |
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