Property photos
£1,150,000
(£115.00/sq. ft)
Land for sale
43-51 Adelaide Street, Luton, Bedfordshire LU110,000 sq. ft
Local area information
Property location
Nearby amenities
- Hillborough Infant School 0.4 miles
- Hillborough Junior School 0.4 miles
- Luton 0.4 miles
- Luton Airport Parkway 1.1 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
The asset currently comprises of the following:
The current rental income is circa £45,000 per annum.
The site has been the subject of various planning applications, some approved, some withdrawn. Please visit Luton Borough Council Planning Portal for further information.
It is felt however that there is value to be added by way of residential development, potentially for somewhere in the region of 18 apartments.
Location
Adelaide Street is located within Luton town centre, just on the outside of the ring road, in close proximity to Luton Police Station and in a primarily residential area. The site has pedestrian access off Princess Street.
Terms
The freehold asset is held in a ‘special-purpose vehicle' (spv). The shares in the company can be sold, giving the buyer a financial saving on sdlt.
The spv/asset is available upon a freehold basis for £1,150,000.
Legal Costs
Each party to bear their own legal costs incurred.
VAT
Plus V.A.T. At the appropriate rate if applicable.
The asset currently comprises of the following:
- 2x 1-bedroom apartments.
- 1x 6-bedroom (singles) HMO.
- 1x vacant 2 storey office/workshop.
- 26x car parking spaces.
The current rental income is circa £45,000 per annum.
The site has been the subject of various planning applications, some approved, some withdrawn. Please visit Luton Borough Council Planning Portal for further information.
It is felt however that there is value to be added by way of residential development, potentially for somewhere in the region of 18 apartments.
Location
Adelaide Street is located within Luton town centre, just on the outside of the ring road, in close proximity to Luton Police Station and in a primarily residential area. The site has pedestrian access off Princess Street.
Terms
The freehold asset is held in a ‘special-purpose vehicle' (spv). The shares in the company can be sold, giving the buyer a financial saving on sdlt.
The spv/asset is available upon a freehold basis for £1,150,000.
Legal Costs
Each party to bear their own legal costs incurred.
VAT
Plus V.A.T. At the appropriate rate if applicable.
More information
Listed by
S.R. Wood & Son Ltd
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - S.R. Wood & Son Ltd. 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 S.R. Wood & Son Ltd for full details and further information.