Holly Street Trading Estate, Latimer Road, Luton, LU1 3XG

Summary

The subject property comprises a multi-let industrial estate of predominantly solid brick and concrete frame construction. Currently, the estate provides 30 separate self-contained industrial units, the majority of which are let to motor trade tenants.

There is a central yard area with two principle entrances, one on Holly Street and the other on Latimer Road. The central yard is used for parking, deliveries and storage.

The first floor accommodation covers C1,C2,C3,B1 & B3 and is accessed via Union Street. It is sold off on a 999 year lease.

Key Points

Costs

Each party is to bear its own costs incurred.

Location

Luton is a major commercial center in Bedfordshire, approximately 30 miles north of London and around 20 miles south of Bedford. Luton benefits from its strategic position within the London Cambridge growth corridor and serves as an established employment and logistics hub, supported by its proximity to London Luton Airport.

The town has a strong industrial, motor trade and commercial heritage and continues to attract occupiers due to its accessibility and comparatively competitive occupational costs relative to London.

Road communications in Luton are excellent with the town adjacent to junctions 10 and 11 of the M1 motorway, providing direct access south to London and north to the midlands. The A505 and A6 further enhance connectivity across the wider region, linking Luton to key commercial centers including Milton Keynes and Cambridge. This strong road infrastructure underpins Luton’s appeal to logistics, distribution, motor trade and trade counter occupiers.

Rail links in Luton are also strong with Luton Station offering regular direct services to London St Pancras with a fastest journey time of 22 minutes. Additionally the Thames link service has a fastest journey time of approximately 30 minutes as well as connecting directly to Farringdon, City Thameslink and Blackfriars Station.

Luton Airport is located 2 miles to the northeast of Luton and is the UK’s 5th largest airport serving over 18 million passengers per annum. There are plans in place to increase passenger capacity to 32 million passengers per year by 2039.

Luton is undergoing significant transformation, with three major developments already underway in close proximity to the subject estate: a new performing arts venue and mixed-use scheme at the former Bute Street carpark, a new ~20,000-capacity stadium set to become the home of Luton Town FC at Power Court, and the ongoing expansion of London Luton Airport.

Luton is set to benefit from the consented Universal Studios Great Britain development, anticipated to open in 2031, which is expected to provide a significant boost to the Bedfordshire economy. This is forecast to further strengthen demand for industrial and logistics space, placing upward pressure on rents over the medium to long term.

The property is situated to the South of Luton Town Centre (10 minutes walk) within an established industrial and residential area. Main access is provided via an entrance on the northern side of Holly Street, close to its junction with Latimer Road and to the South of Union Street.

Local connectivity is excellent for the property with the A505 located less than one minutes drive north and the M1 motorway junction 10 just 7 minutes drive to the south.

Terms

The subject property is fully let, producing a current income of £259,940 per annum in accordance with the tenancy and accommodation table in the attached brochure.

There is future break-up potential.

Offers are sought in excess of £3,200.000, subject to contact and exclusive of VAT.