FOR SALE Mixed Use Retail and Residential …...FOR SALE Mixed Use Retail and Residential Investment...

FOR SALE Mixed Use Retail and Residential Investment

Located within Bury Park, Luton

Good access links to the B579, M1, A5 the A6

Luton railway station is within 1 mile

Ground floor retail unit with residential flat above. Aluminium shop front, WC & kitchen facilities

All mains services, data & telecoms

No Parking

Freehold: £220,000

Approx Retail NIA Area: 409 sq ft (38 sq m)

77 Oak Road, Luton, LU4 8AA

Terms

• Passing Rent: £15,800 pa

Retail - £8,000 pa – 5-year FRI lease from

16th June 2017, break at the end of year 2.

Residential - £7,800 pa – Periodic tenancy

holding over from previous AST.

• Freehold: £220,000 exclusive

• VAT: Not applicable

Business Rates

• Rateable value: £6,700

• The current multiplier for 2017/18 is 47.9p

payable

Viewing

Steve Cable

Steve.cable@kirkbydiamond.co.uk

01582 738 866

Specification

• All mains services • Security shutter • Aluminium shop front • Spot lighting • WC & Kitchenette facilities

Floor Area (Net Internal Area - NIA)

The property has been measured in accordance

with the RICS Code of Measuring Practice 6th

Edition.

Ground Floor 409 sq ft (38.00 sq m) First Floor one-bedroom flat

Areas quoted are approximate and should not

be held as 100% accurate.

Location

• The property is located on Oak Road, which is

accessed off Dunstable Road within Bury

Park.

• The property backs onto the Kenilworth Road.

• Luton town centre is located 1 mile distant.

• Good transport links to the B579, M1, A5 & the

A6. Junction 11 of the M1 Motorway is within

2.0 miles & access to the A6 is within 1 mile.

• Luton Train Station is within 1 mile.

Description

• A brick built two storey end terrace property comprising of a ground floor retail premises, with a residential flat to the first floor, which are both let to separate occupiers.

• Forecourt display area • Rear enclosed yard / garden area.