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6a Dunstable Road, Luton, Bedfordshire, LU1

Retail, Investment
31.59 Sq M (340.03 Sq Ft)
£135,000 Offers in the region of

Description

  • A ground floor single storey mid-terrace retail investment located on Dunstable Road.
  • The property comprises of a single storey mid terraced retail unit which provides a ground floor retail space. It has the benefit of being double fronted, electric central heating system, A/C, kitchen and WC.
  • The unit is currently let to a renowned local hairdressers on a FRI lease for a term of 8 years commencing from the 1st June 2021 with a passing rent of £11,400 per annum. There are coterminous rent reviews and break clauses in every third year of the term and on the 31st of May 2029.

Location

  • Located on Luton's most prominent thoroughfare with double retailing frontage.
  • The property is within a short walk from the The Mall and Luton Galaxy, with nearby occupiers including Nando's, Costa, T K Maxx, Primark, and many other national retailers.
  • Luton's mainline railway station is within walking distance, with a direct link to London St Pancras in approximately 30 minutes.
  • J10 of the M1 Motorway is within 1.8 miles (2.83 km).

More Information

Terms

The premises are to be sold as an investment at a freehold price of £135,000 exclusive, reflecting a 8.44% gross yield.

EPC

D - 95

Business Rates

The rateable value is £8,200. For the rates payable please contact us or www.voa.gov.uk

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Want to find out more about this property?