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Property for sale

4-8, Albion Street, Dunstable, LU6

Removed £287,500

Property Description

Key features

  • Characterful terraced property
  • Good secondary position
  • Fully let ground floor commercial units
  • Attractive investment opportunity

Full description

Tenure: Freehold

The building is a characterful terraced 3 storey
property offering:-

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.

More information from this agent

Listing History

Added on Rightmove:
26 August 2016

Map & Street View

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