Property photos
£435,000
(£101.40/sq. ft)
Industrial for sale
Unit 18-19, Progress Park, Ribocon Way, Luton, Bedfordshire LU44,290 sq. ft
Local area information
Property location
Nearby amenities
- Pirton Hill Primary School 0.4 miles
- Lealands High School 0.5 miles
- Leagrave 1.1 miles
- Harlington (Bedfordshire) 3.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Description
This modern light industrial property originally formed a terrace of similar units, however the middle/party wall dividing Unit 18-19 has been removed such that this is now a single, open plan unit.
Location
Progress Park was built circa 1988 and is accessed off Sedgwick Road/Toddington Road, toward the north west of Luton, having good access to the M1 Junction 11a.
Terms
The property is held upon two ground leases, each for a term of 125 years from 1988. The passing ground rent is £2,200 per unit, per annum.
Rateable Value
The Rateable Value of this property as of 01 April 2023 is £52,500 (please note this is not the rates payable).
As the property has been refurbished, our client will be making an appeal on this Rateable Value which should see it being substantially reduced. Further information upon request.
Legal Costs
Each party to bear their own legal costs incurred.
VAT
Plus VAT at the appropriate rate.
This modern light industrial property originally formed a terrace of similar units, however the middle/party wall dividing Unit 18-19 has been removed such that this is now a single, open plan unit.
- Ground floor 2,662.56 sqft (247.62 m2).
- Steel framed mezzanine 1,627.65 sqft (151.37 m2).
- New LED lighting.
- Circa 6-8 parking spaces upon forecourt.
- Tea making facility, shower and disabled w/c.
- 2x up and over access doors.
- Ridge height 7.39m.
- Height under mezzanine 2.48m.
- Steel framed construction.
- Pitched profile sheet roof.
- Translucent panels.
Location
Progress Park was built circa 1988 and is accessed off Sedgwick Road/Toddington Road, toward the north west of Luton, having good access to the M1 Junction 11a.
Terms
The property is held upon two ground leases, each for a term of 125 years from 1988. The passing ground rent is £2,200 per unit, per annum.
- To let: The unit is available to lease for a term to be agreed at a rental of £38,950 per annum exclusive.
- For sale: The ground leases combined are for sale at a price of £435,000
Rateable Value
The Rateable Value of this property as of 01 April 2023 is £52,500 (please note this is not the rates payable).
As the property has been refurbished, our client will be making an appeal on this Rateable Value which should see it being substantially reduced. Further information upon request.
Legal Costs
Each party to bear their own legal costs incurred.
VAT
Plus VAT at the appropriate rate.
More information
Listed by
S.R. Wood & Son Ltd
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