Property for sale4-8, Albion Street, Dunstable, LU6
- Characterful terraced property
- Good secondary position
- Fully let ground floor commercial units
- Attractive investment opportunity
The building is a characterful terraced 3 storey
Ground floor consists of 2 commercial shop units.
One (4-6 Albion Street) is a restaurant currently
tenanted on a 21 year lease dated December 2013
at an annual rental of £14,000 plus VAT rising to £18,000 in July 2019. There are no break clauses in this lease and the next rent review is scheduled for December 2022.
The second commercial unit (8 Albion Street) is a
ground floor retail lock up shop currently tenanted
on a 5 year lease dated December 2014 at an
annual rent of £6,000 plus VAT. There is a tenant only
break clause at the end of the 3rd year as well as a
rent review also.
The upper parts consist of 7 residential apartments
that are all sold 999 yr long leasehold interests. They
generate £100 per annum per apartment.
Total annual income currently generated is £20,700 rising to £24,700 per annum by 2019.
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