DESCRIPTION
The subject premises are arranged over lower ground, ground, first and second floor. Whilst formed of two addresses, the building is inter-connected as one and totals 5,328 sqft (495 m2).
Until recently the property has been occupied as offices and is now unoccupied. It is felt that there is strong potential for residential conversion under Permitted Development Rights.
LOCATION
Located in the county of Bedfordshire, Luton is a large town with exceptional connectivity, benefitting from an international airport and 3 train stations with high-speed services to London St Pancras. Furthermore, the town is served by various arterial routes, notably the M1 (J10, J11 & J11A), the A505 and the A6.
The subject property is situated on the southern fringe of Luton town centre, just off the A505 inner ring road. All town centre amenities are within proximity, to include The Mall, mainline train station, Bedfordshire University, shops, cafes, restaurants, banking, etc.
A number of key development sites are also within proximity. Firstly, the former Bute Street carpark, which is to house a new performing arts venue called The Stage and a mixture of residential and commercial premises. Secondly, Power Court, which is to house a new stadium and will be the new home of Luton Town Football Club.
PROPOSAL
We are instructed to seek unconditional offers in excess of £595,000 for the freehold interest in the subject premises subject to vacant possession.
RATEABLE VALUE
The Rateable Value for the subject property is to be confirmed.
LEGAL COSTS
Each party to bear their own legal and professional costs.
VAT
Unless otherwise stated, all costs are subject to VAT at the appropriate rate if applicable.
VIEWING
For further information or an appointment to view, please contact joint sole selling agency S.R. Wood & Son Ltd.
www.srwood.co.uk | 01582 401 221 (Luton) | 01462 542 760 (Hitchin)
