6-8 Park Street, Luton, LU1 3EP
6,446 Sq Ft / Other / Investment
For Sale
- £1,100,000.00
Available - Last updated: 10 May 2024
Description:
KEY FEATURES:
- Rare Freehold Opportunity
- Town Centre Location
- Predominantly Open Plan
- Suitable for a variety of uses (STPP) such as gym, showroom, church, education, office, etc.
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 – formerly occupied by a gymnasium and fitted out accordingly.
The upper floors are predominantly open and benefit from solid floors, suspended ceiling, LED lighting, WC facilities, changing room, a central stairwell, a fire exit stairwell, and ground floor access onto Park Street.
Planning permission has been obtained (Planning Ref No: 22/00574/FUL) for redevelopment of a total of 19 new residential dwellings, although should a purchaser wish to occupy the premises themselves or rent it out, the consented scheme does not have to be implemented.
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:
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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