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Unit H Bramingham Business Park, Enterprise Way, Luton, LU3 4BU
10,685 Sq Ft / Other / Investment
Withdrawn - Last updated: 03 November 2023
Description:
Unit H was built in the late 1980’s to early 1990’s and is of twin bay portal frame construction. It consists primarily of warehouse accommodation with ground and first floor office.
Warehouse:
- 2 up and over loading doors
- (4.32m wide x 4.95m high).
- Eaves height = 5.5m.
- Ridge height = 6.7m.
- Polished concrete floor.
- LED lighting.
- Translucent panels.
- Gas blower heater.
- Forecourt/Yard.
Office:
- Carpet tiled flooring.
- Suspended ceiling with a mixture of LED and CAT II lighting.
- Double glazed windows.
- Kitchenette / staff room.
- Circa 15 parking spaces.
Tenancy Overview:
The property is tenanted by Restmor Ltd (Company No 06876331) which has a lease on the property until November 2025. The lease is excluded from the 1954 Landlord & Tenant Act and as of November 2023, the passing rent will be £75,000 per annum exclusive.
Restmor have been in occupation since November 2020 and have expressed a desire to renew their lease come its expiry.
Location:
The property is located at the Bramingham Business Park in Luton, which is an established industrial/logistics and office estate adjacent to the A6.
Within proximity are a mixture of regional, national and international business such as Squared, Aldi, Homebase and Costa Coffee.
- A6 (to Bedford) = 0.15 miles
- A505 (to Hitchin) = 2.60 miles
- M1 J11A = 2.46 miles
- Luton Town Centre = 2.80 miles
- Luton & Dunstable Hospital = 2.51 miles
- Luton Mainline Train Station = 2.74 miles
- London Luton Airport = 3.94 miles.
Terms:
The property is available to purchase for £1,450,000. The sale of the property is subject to the existing tenancy.
Legal Costs:
Each party are to bear their own costs.
VAT:
Plus VAT at the appropriate rate, if applicable.
Rateable Value:
The Rateable Value of this property is £84,500. Please note this is not the Rate to pay.
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