Chapel Street, Luton
Size
746
Tenure
Leasehold
EPC
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Parking
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- Primary use
- Shop
- Other use(s)
- Convenience store
- Frontage
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No floor / site plan
Key features
- Retail unit for sale Luton
- commercial property Luton
- shop for sale LU1
- investment property Bedfordshire
- vacant retail premises
- long leasehold commercial property
- 999 year lease
- peppercorn ground rent
Description
45 Chapel Street, Luton, LU1 5DA
Price: £275,000 (Long Leasehold – 999 Years, Peppercorn Ground Rent)
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Property Overview
An outstanding opportunity to acquire a vacant ground floor retail unit in a highly visible and well-connected location in Luton town centre. Previously operating as an antique shop, the premises now provides a blank canvas for owner-occupiers or investors seeking a strong income-producing asset.
With excellent frontage and a flexible open-plan layout, this property is perfectly suited to a variety of retail, showroom, studio, or service-based businesses.
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Key Features
🔹 Vacant Possession – Immediate occupation or letting potential
🔹 Large Shop Frontage – Strong visual presence to passing footfall
🔹 746.19 sq ft Ground Floor مساحة – Well-proportioned retail space
🔹 Flexible Layout – Adaptable to multiple business uses
🔹 Separate Kitchen Area – Staff convenience
🔹 Disabled WC – Accessibility compliant
🔹 Fire Exit Access – Safety compliant
🔹 Prime Town Centre Location – High footfall and visibility
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Investment Potential
💰 Estimated Rental Income: £16,000 – £20,000 per annum
📈 Attractive Yield Potential: Approx. 5.8% – 7.2% gross based on asking price
This presents an excellent opportunity for investors to secure a low-maintenance, long-leasehold asset with strong letting prospects in a central location.
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Tenure
• Leasehold – 999 years
• Peppercorn Ground Rent (nil)
• Long, secure tenure with minimal outgoings
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Location
Positioned on Chapel Street, a well-established commercial area in Luton town centre, benefiting from steady pedestrian flow and close proximity to local amenities and transport links.
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📞 Enquire today to arrange a viewing
Sabbi Bains:
Sam Bains:
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- Service charge
- Ask agent
- Business rates
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- Use class
- E
- Listed building
- No
- Floors in building
- 1
- Business for sale
- No
- Tenure
- Leasehold
- Length of lease
- 999 years left
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
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- Environmental description
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Chapel Street, Luton
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Disclaimer - Property reference Chapel45. 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 Ultimate Connexions, Luton. 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.