3 bedroom block of apartments for sale
Wellington Street, Luton, LU1
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- BATHROOMS
2
- SIZE
1,485 sq ft
138 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Description
Square Quarters are pleased to present this substantial freehold mixed-use building for sale in the heart of Luton town centre, offering strong rental income and long-term investment potential.
Arranged over four floors and extending to approximately 1,486 sq ft (138 sq m), the property comprises a fully income-producing commercial and residential portfolio, all within a central and well-connected location.
Investment Breakdown
Ground Floor Commercial Office – Currently producing £12,000 per annum
First Floor One Bedroom Flat – Currently producing £8,400 per annum
Second & Third Floor Two Bedroom Duplex – Currently producing £18,000 per annum
Total Rental Income: £38,400 per annum
All units are currently let, providing an immediate income stream for investors.
8.53% Yield
Accommodation
Ground Floor
Self-contained commercial office unit with WC facilities and generous internal space, suitable for a range of professional uses.
First Floor
One-bedroom self-contained flat comprising reception room, kitchen, double bedroom and bathroom.
Second & Third Floor
Spacious two-bedroom duplex apartment arranged over two floors, offering well-proportioned living accommodation.
Location
Wellington Street is centrally positioned within LU1, moments from Luton town centre amenities, The Mall shopping centre, and a wide selection of restaurants, cafés and local services.
The property benefits from excellent transport links, including:
Luton Railway Station within walking distance
Direct trains to London St Pancras
Easy access to the M1 (Junction 10 & 11)
London Luton Airport nearby
The area continues to benefit from regeneration and strong rental demand.
Key Features
Freehold title
Mixed-use investment
Fully income producing
Prime central location
Strong rental demand area
Approx. 1,486 sq ft / 138 sq m
Potential for rental growth (subject to market review)
This is an excellent opportunity to acquire a centrally located freehold building with immediate income and long-term capital appreciation prospects.
Early enquiries are highly recommended.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Wellington Street, Luton, LU1
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Visit our security centre to find out moreDisclaimer - Property reference 189864. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Square Quarters, Islington. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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