Shop for sale

Chapel Street, Luton, Bedfordshire, LU1

Offers in Excess of £1,600,000
2,085 sq. ft.

Property Description

Commercial information

  • 2,085 sq ft (193 sq m)

Key features

  • Prominent Location 100 yards from main retail centre
  • Let to Jennings Ltd till 2023 with no breaks.
  • Ground Floor shop with 6 apartments above

Full description

Tenure: Freehold

ADDRESS: 10-12 Chapel Street, Luton, Bedfordshire LU1 2SE
Prominent Location 100 yards from main retail centre
Let to Jennings Ltd till 2023 with no breaks. Ground Floor shop with 6 apartments above.
LOCATION
The town of Luton, with a district population in excess of 174,000 is located approximately 13 miles north from Hemel Hempstead, 22 miles south - east from Milton Keynes and 31 miles from Central London. The town is well located for road communications, being served by both Junctions 10 and 11 of the M1 motorway, as well as the A5 and A6.
SITUATION:
The property is situated on Chapel Street nearby its junction with Flowers way, alongside Nat West, NHS Clinic, BHS, Debenhams and close to other national retailers. The railway station is a few minutes walk away
DESCRIPTION
The property comprises a retail ground floor shop with 6 apartments above recently redocorated.
ACCOMMODATION:
Ground Floor ( Retail) - 2085 Sq. Ft., 6 Apartments : 2 - 1 Bed, 2 - 2 Beds, 2 - 3 Beds
TENANCY:
Ground floor shop let to Jennings Limited for 15 years from 15 August 2008 at a rental of 40,000 per annum on a fully repairing and Insuring Lease with upward only open market reviews. Next review in 2018.
6 Apartments:
Flat 1- 2 bed Let on annual AST, commenced on 29 April 2016 at 10,800 pa
Flat 2- 2 bed Let on annual AST, commenced on 1 December 2015 at 9,000 pa
Flat 3- 3 bed Let on annual AST, commenced on 1 July 2015 at 13,200 pa
Flat 4- 1 bed Let on annual AST, commenced on 14 October 2015 at 8,100 pa
Flat 5- 3 bed Let on annual AST, commenced on 7 December 2015 at 12,600 pa
Flat 6- 1 bed Let on annual AST, commenced on 22 December 2015 at 7,800 pa
RENT: 101,800 p.a. TENURE: Freehold VAT: Applicable
PRICE: Offers in excess of 1,600, 000 - 6% Net


More information from this agent

Nearest stations

  • Luton (0.3 mi)
  • Luton Parkway (0.9 mi)
  • Leagrave (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Luton (0.3 mi)
  • Luton Parkway (0.9 mi)
  • Leagrave (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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