UNIT 2 53-55 DUDLEY STREET, LUTON, LU2 0NP

Description:

The premises are purpose built and benefit a shared, gated forecourt with allocated parking.

• Brick elevations.
• Steel framed construction.
• 3 phase electric.
• Fluorescent lighting.
• Solid paint sealed floor.
• W/c.
• Roller shutter door.

Location:

Dudley Street is located off Midland Road/Old Bedford Road, on the fringe of Luton town centre, within the High Town suburb.

Terms:

The property is owned upon a ground lease basis with circa 50 years remaining. This lease can be purchased for £85,000. Alternatively, the property can be leased for a term to be agreed at £12,000 per annum exclusive.

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 Rateable Value of this property is £9,200 (please note that this is not rates payable). Further information is available at www.tax.service.gov.uk

Subject to certain conditions, you will not pay Business Rates on a property with a Rateable Value of £12,000.00 or less. For properties with a Rateable Value of £12,001.00 to £15,000.00 the rate relief will go down gradually from 100% to 0%, i.e. if your Rateable Value is £13,500.00 you will get a 50% reduction off your bill.