35, 37 & 39 George Street, Luton, LU1 2RD

Description:

The premises are mid-terraced, pavement lined and of brick construction with tiled pitched roofs. They span basement, ground floor, first floor and consist solely of commercial accommodation.

The tenants in situ are trading as Coral (bookmakers), Subway (takeaway sandwich bar) and Destiny (grocery store). The tenants have been trading for a number of years as outlined in the tenancy schedule hereunder.

This investment provides opportunity to add value and there is potential to develop (subject to planning permission).

Location:

This investment is situated within Luton town centre, at the south-eastern end of George Street, which is the town’s main high street.

In the vicinity is a mixture of local, regional, national and international businesses. Furthermore, Luton Mainline Train Station, Bedfordshire University, and The Mall shopping centre are a few minutes’ walk away.

Terms:

The premises are fully let and income producing, with a rent roll breakdown as outlined hereunder.

The freehold investment is available to purchase for £1,300,000.

Please see tenancy schedule within the attached brochure.

Legal Costs:

Each party are to bear their own costs.

VAT:

Plus VAT at the appropriate rate.

Rateable Value:

The Rateable Value for each of the properties is as follows (please note these are not Rates payable).

• No 35 - £25,750


• No 37 - £21,500


• No 39 - £22,500