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

Accommodation

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