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2-12 BOLTON ROAD, LUTON, BEDFORDSHIRE, LU1 3HR

7,233 Sq Ft / Other / Investment

Withdrawn - Last updated: 25 June 2024

Description:

Planning consent at appeal has been obtained for the demolition of an industrial unit and the construction of a new 6 storey, town centre block of flats with commercial premises upon the ground floor. The subject site is located close to Bedfordshire University and Luton town centre.

Appeal Ref:- APP/B0230/W/21/3275436 dated 09 March 2022.


  • Site area 0.04 hectare/0.098 acre.

  • 2 allocated parking spaces.

  • Ground floor commercial area totalling 1,202 sqft (112 m2).

  • Residential area totalling 6,027 sqft (560 m2).

  • Total – 7,233.36 sqft (672 m2).



Terms:

The industrial unit is currently let and a Deed of Surrender has been entered into to enable vacant possession in order for the development to commence. The premises are owned in a single asset company. The shares in this company are for sale which will offer the purchaser a financial saving on Stamp Duty Land Tax.

Available freehold at £895,000.

Legal Costs:

Each party to bear their own legal costs incurred.

VAT:

Plus V.A.T. at the appropriate rate if applicable.

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