71 Windmill Road Luton LU1 3XL, 71 Windmill Road, Luton

Guide price

£1,250,000

Auction

Size

12,240

Tenure

Freehold

EPC

Parking

Ask agent

Primary use
Other

No floor / site plan

Key features

  • Let on a 16 year FR&I lease from 2012 (Reversion 2028)
  • Total approx. GIA of 16,157 sq ft
  • Gated yard amounting to an approx. 12,240 sq ft
  • 6 week completion available
  • Freehold trade counter Investment & yard situated on site of an approx. 0.58acre
  • 3 x sperate buildings (warehouse, reception/offices & former resi unit as office
  • Potential to convert the ancillary office back into a residential dwelling
  • Rent review in 2027 (Open market rent or 5% increase - what ever is the higher)
  • Investment let at £97,500 p.a. (7.8% GIY on guide price)

Description

The property compromises of 3 sperate buildings amounting to a an approx. GIA of 16,157 sq ft and associated yard amounting to 12,240 sq ft

Reception/ office

Situated across ground and first floor and amounts to an approx. GIA of 4,615 sq ft
Main warehouse

Ground floor space with roller shutter door and Mezzanine level at first floor amounting to an approx. GIA of 10,455 sq ft
Ancillary office/ former residential unit

Ground and first floor office amounting to an approx. GIA of 1,087 sq ft
A former dwelling/house with potential to convert back into a residential dwelling (subject to the requisite consents)
The entire property is situated on a site of 0.58 acre site

The property occupies a prominent position on Windmill Road, an established commercial area south of Luton town centre. The location benefits from excellent road communications, with easy access to London Luton Airport, the A1081 and Junction 10 of the M1 motorway, and is surrounded by a range of trade, industrial and commercial occupiers.

Transport
Road communications are excellent, with the A1081 providing direct access to Junction 10 of the M1 motorway approximately 2 miles to the east. Luton Airport Parkway railway station is located approximately 0.7 miles away, offering regular services to London St Pancras International, while London Luton Airport lies approximately 1.5 miles to the east.
Additional information
Service charge
Ask agent
Business rates
Ask agent
Use class
Ask agent
Listed building
Ask agent
Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

Ask agent

Environmental data
BREEAM rating

Unclassified

Environmental description
Ask agent
Read more about energy considerations for commercial property

71 Windmill Road Luton LU1 3XL, 71 Windmill Road, Luton

NEAREST STATIONS

National Rail

Luton Parkway Station

0.41 miles

National Rail

Luton Station

0.61 miles

National Rail

Leagrave Station

3.07 miles

Your search history

You have no recent searches

Disclaimer - Property reference 8D976F27-5E41-46BF-958A-5E052577DC42. 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 Savills National , Savills Auctions- Commercial. 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.