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ESSEX HOUSE PROCTOR WAY, LONDON LUTON AIRPORT, LU2 9PE

3,101 Sq Ft / Offices

Withdrawn - Last updated: 23 August 2023

Description:

Uniquely in private ownership, purpose built, 2 storey office building. Essex House is held on a ground lease which commenced on 14.02.91 and expires in 2114 (92 years remaining).

The left side of the ground floor is let to international car hire company Sixt. The right side of the ground floor is let to Twinjet Aircraft Sales (UK) Ltd. The entire first floor is vacant.

Both tenants have demised parking and there is good allocated parking provision for the vacant space.

• Entrance lobby.
• W/c provision on both floors.
• Good natural daylight.

A brief overview of the 2 occupational leases is as follows:

Sixt
Rent – £XXX per annum exclusive plus service charge.
Expiry – 31.12.22.

Twinjet Aircraft Sales (UK) Ltd
Rent – £XXX per annum exclusive plus service charge.
Expiry – 2025.

Location:

Located within the confines of London Luton Airport, being close to Luton town centre, M1, Junction 10, and Luton Parkway train station which provides travel between London Luton Airport and London St Pancras in just 30 minutes.

Terms:

First Floor Left & Right Suites – Vacant. Available to lease at £XXX per annum exclusive (combined), inclusive of 10 car spaces.

The entire property is available to purchase for £XXX

The property is held upon a 125 year ground lease basis from Luton International Airport Ltd from 23.06.89, which expires in 2114. The passing ground rent is £XXX per annum. In addition there is a further parking area held upon a ground lease until 2114 at £XXX per annum (ground rent).

Note – the adjacent premises, Eaton House, is also available to lease or purchase.

Legal Costs:

Each party to bear their own legal costs incurred.

VAT:

We are advised V.A.T. will be applicable.

Rateable Value:

The Rateable Value of this property is as below (please note that this is not rates payable). Further information is available at www.tax.service.gov.uk

Ground Floor
Left Suite – £XXX
Right Suite – £XXX

First Floor
Left Suite – £XXX
Right Suite – £XXX


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