71 Windmill Road, Luton LU1 3XL
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- To be offered on Wednesday 21 October
- A freehold trade counter Investment and associated yard situated on a site of an approx. 0.58 of an acre
- Let on a 16 year FR&I lease from 2012 (Reversion 2028)
- The property comprises of 3 x sperate buildings (warehouse, reception/offices & former residential unit used as an office
- Total approx. GIA of 16,157 sq ft
- Development potential to convert the ancillary office back into a residential dwelling (subject to the requisite consents)
- Gated yard amounting to an approx. 12,240 sq ft
- Rent review in 2027 (Open market rent or 5% increase - what ever is the higher)
- 6 week completion available
- Investment let at £97,500 p.a. (7.8% GIY on guide price)
Description
StrapLine
Auction Sale - 20/10/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteA freehold industrial trade counter investment. The property is situated across 3 x sperate buildings amounting to a total approx. GIA of 16,157 sq ft with an associated yard of an approx. 12,240 sq ft. The entire property sits on an approx. 0.58 acre site and is let on a 16 year lease from 2012 to SIG Trading Limited.
Investment let at £97,500 p.a.
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
- Please click here for the virtual tour
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
- Please click here for the virtual tour
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)
- Please click here for the virtual tour
The entire property is situated on a site of 0.58 acre site
Location
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.
Tenancy
71 Windmill Road
- Let to SIG Trading Limited
- Let on a 16 year FR&I lease from 2012 (reversion 2028)
- Rent review in 2027 (Open market rent or 5% increase - what ever is the higher)
- Investment let at £97,500 p,a
Accommodation
Please refer to the floor plans
71 Windmill Road, Luton LU1 3XL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Luton Parkway Station0.4 miles
- Luton Station0.6 miles
- Leagrave Station3.1 miles
Notes
Disclaimer - Property reference 244-24107. 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 Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”