TYPELand, General Industrial, Residential Land, Commercial Land, Industrial, Residential
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON11th November 2024
Description
Location: The elevated site overlooks Hucklesby Way (A6 inner ring road) and is a very short walk to Luton train station and all town centre amenities. Midland Road lies within the High Town suburb of Luton, eastward from the town centre. There are several multistorey residential apartment blocks in the near vicinity.
Description: The site currently provides for a vehicle workshop which is tenanted and allows the landlord to achieve vacant position in the event of redevelopment.
Planning consent has been obtained for the redevelopment of the site into 6x 2-bedroom apartments over 3 floors, with parking, cycle store etc. (Application No. 21/00816/FUL).
Our client is considering submitting an application for further floors above.
Terms: The freehold interest of the consented site is available for £700,000.
Legal Costs: Each party to bear their own legal costs incurred.
VAT: Plus VAT at the appropriate rate if applicable.
