33-39 Manchester Street, Luton, LU1 2QG

Description
Comprises a ground floor restaurant together with 6 self contained flats arranged on the first and second floors split up to provide 4x1 beds and 2x2 beds with independent street access. The entire property is fully Let and income producing.

Location
The property is located in a prime position on the North - West side of Manchester Street, close to the junctions of Alma Street and Gordon Street being in the heart of Luton Town Shopping Centre amongst many well known multiple and local retailers, bars and restaurants. Immediately opposite is the Galaxy leisure complex which includes Cineworld, The Gym Group, Tenpin Bowling & White House Wetherspoon and Luton Point shopping centre which includes TK Max department store. Transport facilitates are good with Luton Overground station being within a few minutes walk which goes directly into St Pancreas International Station (30 mins) Luton airport is within a 10 minute drive.

Identification
In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful tenant.

Viewings
Strictly by appointment through owner’s SOLE agents as above.

Residential
The 6 flats are all Let on separate AST agreements at a combined rent of £72,700 per annum.

Freehold Price
The building is being sold Freehold with a Land Registry Title Number (BD44453)
£1,200,000 plus Vat

Ground Floor Restaurant
The ground floor is Let to Mohammed Saghir on a proportional Full Repairing & Insuring Lease for a term of 10 years from 20th December 2018 without further rent review at a rent of £23,000 pax

Total Rental Income
£95,700.00 plus Vat