Commercial property for sale
Subway, 37 George Street, Luton
Guide Price
£250,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Let to Subway
- Lease Expires 31.10.2037
- Prime Pitch on Pedestrianised Street
- Investment Let at £32,000 p.a. (12.8% GIY on Guide Price)
Description
The property comprises a high yielding retail investment situated on a prime pitch and forming part of the pedestrianised retail offering in Luton.
Arranged as a parade of two shops, the individual units provide ground floor retail space and first floor storage/ancillary accommodation. There is a yard with some parking to the rear of the property accessed via a lane from Chapel Street.
The property is fully let to Hayra International Limited (t/a Subway) on a lease expiring 31.10.2037 and paying £32,000 per annum. We understand the tenant owns multiple franchises and has been in occupation for over 10 years.
The adjacent unit occupied by Destiny is sold off on a long leasehold basis, however the upper parts are included in the occupational lease.
George Street is the principal, pedestrianised, retail pitch in the centre of Luton. The property sits at the centre point of George Street and opposite an entrance to the Luton Mall, therefore it benefits from high footfall with nearby occupiers including McDonalds, Coral, and Natwest.
Arranged as a parade of two shops, the individual units provide ground floor retail space and first floor storage/ancillary accommodation. There is a yard with some parking to the rear of the property accessed via a lane from Chapel Street.
The property is fully let to Hayra International Limited (t/a Subway) on a lease expiring 31.10.2037 and paying £32,000 per annum. We understand the tenant owns multiple franchises and has been in occupation for over 10 years.
The adjacent unit occupied by Destiny is sold off on a long leasehold basis, however the upper parts are included in the occupational lease.
George Street is the principal, pedestrianised, retail pitch in the centre of Luton. The property sits at the centre point of George Street and opposite an entrance to the Luton Mall, therefore it benefits from high footfall with nearby occupiers including McDonalds, Coral, and Natwest.
Subway, 37 George Street, Luton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Luton Station0.3 miles
- Luton Parkway Station0.9 miles
- Leagrave Station2.6 miles
Notes
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