Property photos
£575,000
(£148.04/sq. ft)
Land for sale
Mill Yard, Luton, Bedfordshire LU13,884 sq. ft
Local area information
Property location
Nearby amenities
- Luton 0.1 miles
- Luton Pentecostal Church Christian Academy 0.2 miles
- Chiltern Learning Academy 0.3 miles
- Luton Airport Parkway 0.9 miles
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
Description
Key Features:
Arranged over ground and first floor with mezzanine/overcroft storage, the property offers a total of 3,884 sqft (360.77 m2).
In years gone by the property was one of Luton's many hat factories. It is now occupied The Bear Club (jazz bar) at lower level and various creative media professionals at upper level.
The original first floor has been removed to provide greater ceiling height at ground floor level. There is an argument to suggest this could be reinstated to increase the floor area.
Location
The property is located within Luton town centre and forms part of Mill Yard, accessed via both Guildford Street and Bute Street. The following are within proximity:
Terms
The premises are available to purchase upon a freehold basis for £575,000
Vacant possession can be provided from 31st June 2024. Should a purchaser wish to retain The Bear Club as a tenant, it is likely that a new lease could be agreed - it is understood that The Bear Club would like to remain in occupation.
Rateable Value
The premises are rated as follows (please note these are not Rates payable):
Legal Costs
Each party to bear their own costs incurred.
VAT
Plus VAT at the appropriate rate, if applicable.
Key Features:
- Rare Opportunity
- Town Centre Location
- Adjacent to Bute Street Carpark
- Near Luton Mainline Train Station
- Architecturally Interesting
- Allocated Parking
- Well-Maintained
- Suitable for Various Uses (STPP)
Arranged over ground and first floor with mezzanine/overcroft storage, the property offers a total of 3,884 sqft (360.77 m2).
In years gone by the property was one of Luton's many hat factories. It is now occupied The Bear Club (jazz bar) at lower level and various creative media professionals at upper level.
The original first floor has been removed to provide greater ceiling height at ground floor level. There is an argument to suggest this could be reinstated to increase the floor area.
Location
The property is located within Luton town centre and forms part of Mill Yard, accessed via both Guildford Street and Bute Street. The following are within proximity:
- Luton Mainline Train Station = 135m (2 minute walk)
- The Mall (Bute Street Entrance) = 191m (3 minute walk)
- Bedfordshire University = 421m (10 minute walk)
Terms
The premises are available to purchase upon a freehold basis for £575,000
Vacant possession can be provided from 31st June 2024. Should a purchaser wish to retain The Bear Club as a tenant, it is likely that a new lease could be agreed - it is understood that The Bear Club would like to remain in occupation.
Rateable Value
The premises are rated as follows (please note these are not Rates payable):
- 24a Guildford Street = £13,750
- 78 Bute Street = £10,750
Legal Costs
Each party to bear their own costs incurred.
VAT
Plus VAT at the appropriate rate, if applicable.
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
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Listed by
S.R. Wood & Son Ltd
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