Property for sale

4-8, Albion Street, Dunstable, LU6

Sold STC £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

Nearest stations

  • Leagrave (3.2 mi)
  • Luton (4.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Fisher German, Bedford

8 Stephenson Court, Priory Business Park, Bedford, MK44 3WJ

01234 969104 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.

Map & Street View

Nearest stations

  • Leagrave (3.2 mi)
  • Luton (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fisher German, Bedford

8 Stephenson Court, Priory Business Park, Bedford, MK44 3WJ

01234 969104 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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