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37-39 George Street, Luton

Guide Price
£520,000

£177.29 per sq ft

Business rates & charges may apply

Savills, Savills, Auctions
SIZE AVAILABLE

2,933 sq ft

272 sq m

SECTOR

Mixed use property for sale

Key features

  • High Yielding Retail Investment
  • Parade Comprising Two Shops
  • Let to Subway and Destiny
  • Producing £65,000 per annum
  • Asset Management Potential
  • Prime Pitch on Pedestrianised Street
  • Vacant Upper Parts (No Viewings Available)
  • Guide Price Reflects 12.5% Gross Yield

Description

The property comprises a high yielding retail investment situated on a prime pitch and forming part of the pedestrianised retail offering in Luton.

Arranged as a parade of two shops, the individual units provide ground floor retail space and first floor storage/ancillary accommodation. There is a yard with some parking to the rear of the property accessed via a lane from Chapel Street.

The property is fully let to two tenants producing a total aggregate rent of £65,000 per annum.

37 George Street

Let to Hayra International Limited (t/a Subway) on a lease expiring 31/10/2037 and paying £32,000 per annum. We understand the tenant owns multiple franchises and has been in occupation for over 10 years.

39 George Street

Let to Mimi Miesi Limited (t/a Destiny) on a lease expiring 14/05/2025 and paying a rent of £33,000 per annum.

George Street is the principal, pedestrianised, retail pitch in the centre of Luton. The property sits at the centre point of George Street and opposite an entrance to the Luton Mall, therefore it benefits from high footfall with nearby occupiers including McDonalds, Coral, and Natwest.

37-39 George Street, Luton

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Luton Station0.3 miles
  • Luton Parkway Station0.9 miles
  • Leagrave Station2.6 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 75A46705-0B8A-4A64-A2BE-DFB05A92346E. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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