Property photos
Freehold
Offers over
£425,000
Retail premises for sale
Wellington Street, Luton LU1Local area information
Property location
Nearby amenities
- Luton Pentecostal Church Christian Academy 0.2 miles
- Luton 0.3 miles
- Chiltern Learning Academy 0.5 miles
- Luton Airport Parkway 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Luton to find out more about the local area.
Features and description
- Freehold
- Current Rent of £27,700 per annum
- Four Floors including basement
- Luton Town Centre
- Investnment opportunity
*** Offers in Excess of £425,000 ***
An Investment opportunity in the Town Centre of Luton available to purchase. A mixed use Property that comprises of a ground floor Indian restaurant and a 3-bedroom split level maisonette above. The ground floor retail unit with class E use, presented in excellent condition and measures 924.35 sq ft (approx), it comprises of a seating area for approximately 40 covers, open plan to kitchen, further kitchen towards the rear leading to storage rooms and a walk in refridgerator to the rear of the property, under the stairs leads to a W/C and access to the basement. The basement houses two further rooms currently used for storage.
The 3-bedroom split level maisonette has it's own entrance from the street, has class C3 use and measures 514.37 sq ft (approx) and comprises open plan kitchen / living area and bathroom to the first floor and three double bedrooms to second floor.
Both premises are currently occupied on separate tenancies, the Indian restaurant is on a long term lease for £18,000 pa with approximately 12 years remaining with a rent review every 3 years and the 3- bedroom maisonette is rented at £13,200 pa currently on a periodic AST agreement. The annual receipt of this is £31,200 per annum.
An Investment opportunity in the Town Centre of Luton available to purchase. A mixed use Property that comprises of a ground floor Indian restaurant and a 3-bedroom split level maisonette above. The ground floor retail unit with class E use, presented in excellent condition and measures 924.35 sq ft (approx), it comprises of a seating area for approximately 40 covers, open plan to kitchen, further kitchen towards the rear leading to storage rooms and a walk in refridgerator to the rear of the property, under the stairs leads to a W/C and access to the basement. The basement houses two further rooms currently used for storage.
The 3-bedroom split level maisonette has it's own entrance from the street, has class C3 use and measures 514.37 sq ft (approx) and comprises open plan kitchen / living area and bathroom to the first floor and three double bedrooms to second floor.
Both premises are currently occupied on separate tenancies, the Indian restaurant is on a long term lease for £18,000 pa with approximately 12 years remaining with a rent review every 3 years and the 3- bedroom maisonette is rented at £13,200 pa currently on a periodic AST agreement. The annual receipt of this is £31,200 per annum.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
More information
Unlock more data
Listed by
Venture Commercial
View agent propertiesProperty descriptions and related information displayed on this page are marketing materials provided by - Venture Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Venture Commercial for full details and further information.