Leagrave Road, Luton, Bedfordshire, LU4

Exceptional Freehold Investment Opportunity - Mixed-Use Property for Sale
148-150 Leagrave Road, Luton, Bedfordshire, LU4 8HX
Price: £850,000 (Negotiable)

A rare chance to acquire a freehold mixed-use property in Luton's thriving Bury Park district. Offering strong rental income and immediate potential for growth, this property is ideal for investors seeking a high-yield opportunity.

Property Overview:

Ground Floor:

Retail Unit: 972 sq ft, currently let to a convenience store (£30,000 p.a.)

Flat E: 238 sq ft studio at the rear, vacant (STPP), offering income potential

First Floor:

Flat C: 462 sq ft 1-bedroom, let on AST (£10,200 p.a.)

Flat D: 527 sq ft 1-bedroom, let on AST (£12,000 p.a.)

Additional Features:

Front forecourt, rear courtyard, and secure lock-up storage units

Total current rental income: £52,200 p.a., with potential to increase by letting vacant Flat E and rent review in 2027

Investment Highlights:

Prime location with high visibility and excellent footfall

Freehold ownership in a sought-after commercial district

Immediate rental income from existing tenancies

Diversified portfolio: retail plus residential apartments

Long-term growth prospects

Commercial Lease:

Lease term: 7 years (expiring July 2031)

Break clause: July 2028

Rent review: 2027 (upward-only open market basis)

Security of tenure: Excluded

Additional Information:

Rateable Value: To be confirmed

Legal Costs: Each party responsible for own fees

VAT: Not applicable

This is a rare investment opportunity in a prime, high-demand location!

For viewings or more information:

Sabbi Bains:

Sam Bains: