Description:
The premises comprise 2 buildings, having been inter-connected, pavement lined with gated parking to the rear.
For many years the premises were used for retail (User Class E) and total 8,833.96 sq ft, which now allows for use as restaurant, café, bank, gymnasium, travel agency, retail, offices, R & D, health centre, light industrial, day nursery etc.
Our clients have secured planning consent (12.06.19) to convert and extend the premises to create a 37 room hotel under User Class C1, which includes boarding and guest houses, ref. 19/00025/FUL, and would then total 12,063 sq ft.
In our opinion other uses could, subject to planning permission, be accommodated at this property, including educational, training centre, place of worship etc (User Class F1).
Our clients have already commenced the ‘strip out’ and the building now awaits internal configuration by the buyer, hence it is a blank canvas.
Location:
Located on the fringe of Luton town centre, having good access to the M1, Junction 10 and London Luton Airport.
Terms:
The freehold interest is available for offers in excess of £XXX The tender deadline is 12 noon on Monday 28 November 2022.
The property is held in a Limited Company. Our clients may be able to sell the shares in the Limited Company which could save the purchaser on Stamp Duty payment.
For further information upon the tender process please contact S R Wood & Son Ltd.
Legal Costs:
Each party to bear their own legal costs incurred.
VAT:
We are verbally advised V.A.T. is not applicable.
Rateable Value:
To be re-assessed.