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Chapel Street, Luton
£1,550,000

Features

  •   Large Shop
  •   Six Flats Above Shop
  •   Heart of Luton Town Center
  •   Luton Town Centre
  •   Freehold
  •   M1 Junction 10

Description

GROUND FLOOR SHOP WITH SIX APARTMENTS ABOVE....Myletz are proud to offer this commercial property, located in HEART of Luton Town Center. The commercial property is CLOSE to Luton Town Center, local amenities, and only a MINUTES away from Junction 10 of the M1.

Location:

This commercial property is located on Chapel Street in the Luton Town Centre Area. The area benefits from its proximity to Junction 10 of the M1 motorway, and the M25 motorway Junction 21 is located 12 miles from Luton. Luton has regular rail services to London and the Midlands and offers a choice of three separate railway stations being Luton Parkway Airport, Luton and Leagrave. A typical train journey from London to Luton will take approximately 30 minutes.

Interior:

The interior is outstanding. As soon as you enter this commercial property you will enter a large spacious lobby, office or open plan work area with a stair way leading upstairs to the six apartments.This property is outstanding.

Exterior:

The building from the outside is very nice; the property has off road parking, with gated entrance. And the neighborhood and the area is excellent.

Additional Information:

Ground Floor (Shop) – 2085 Sq. Ft.,

Six Apartments:
2 One Bedrooms
2 Two Bedrooms
2 Three Bedrooms
This property achieves a rental income of £95800 per annul.

RENT: £95,800 p.a.
TENURE: Freehold VAT: Applicable
PRICE: Offers in excess of £1,550,000 Let to Jennings Ltd till 2023 with no breaks.

This property would make a brilliant start to a new investment.

TENANCY:

Flat 1 Let on AST, commenced on 1 December 2014 at £9,600 pa
Flat 2 Let on AST, commenced on 1 December 2014 at £9,000 pa
Flat 3 Let on AST, commenced on 1 September 2014 at £12,000 pa
Flat 4 Let on AST, commenced on 13 January 2015 at £7,200 pa
Flat 5 Let on AST, commenced on 17 November 2014 at £10,800 pa
Flat 6 Let on AST, commenced on 22 December 2014 at £7,200 pa

Luton is a vibrant, multicultural and cosmopolitan community. Here are some of the facilities Luton has to offer: Museums, Theater and Cinema Complex, Biggest European Carnivals also the Town Center which has a wide variety of shops and markets which is only couple of minutes away.

PROPERTY MISDESCRIPTION ACT 1991 The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

AGENTS NOTE The floor plans are not to scale and are only intended as a guide to the layout. For clarification we wish to inform prospective purchasers that we have prepared these sales particulars as a general guide. We have not carried out a detailed survey, nor tested the services, appliances and specific fittings. Furthermore NB:1. All dimensions are measured electronically and are for guidance only. 2. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statement of fact. 3. Information regarding tenure, length of lease, ground rent and service charges is provided by the seller. These details do not form any part of any contract. Items included in a sale (curtains, carpets etc) are for you and your solicitor to agree with the seller.



VIEW PROPERTY

Call our Head Office on 01582 380 330 to view this property

Nearest Primary Schools

  • Tennyson Road Primary School
    (0.47 miles)

  • Hillborough Junior School
    (0.51 miles)

Nearest Secondary Schools

  • Barnfield Skills Academy
    (0.52 miles)

  • Bury Park Educational Institute (Al - Hikmah Secondary School)
    (0.67 miles)

Nearest Train Stations

  • Luton Airport Parkway
    (0.18 miles)

  • Luton
    (0.33 miles)

Contact Us On 01582 380 330


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Posted Oct 10,2017 11:07:16

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Chapel Street, Luton

Chapel Street, Luton
£ 1,550,000