Property photos
£305,000
(£610.00/sq. ft)
Land for sale
48 Alma Street, Luton, Bedfordshire LU1500 sq. ft
Local area information
Property location
Nearby amenities
- Luton 0.3 miles
- Luton Pentecostal Church Christian Academy 0.4 miles
- Bury Park Educational Institute (Al - Hikmah Secondary School) 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
This mixed-use property is of brick construction with a pitched tiled roof and there is a single storey extension to the rear. The ground floor is formed of commercial accommodation, currently let to a food and beverage occupier. There is a sales/seating area to the front, with a commercial kitchen to the rear. The upper two floors form residential accommodation and are let to a separate tenant.
The property is fully let and therefore income producing. The passing rents are as follows:
•Commercial = £8,496 per annum exclusive
•Residential = £10,800 per annum
•Total Income = £19,296 per annum
Location
The end of terrace property is located on Alma Street, within Luton town centre. The surrounding area consists of a mixture of residential and commercial premises. Furthermore, the below are within proximity.
•Luton Mainline Train Station = 9 minute walk
•Bedfordshire University = 14 minute walk
•London Luton Airport = 13 minute drive
•Luton & Dunstable Hospital = 15 minute drive
Terms
The property is available to purchase upon a freehold basis for £305,000. The sale of the property is subject to both the commercial and residential tenancies.
Rateable Value
The Rateable Value of this property is £5,400 (please note that this is not the rate to pay)
Legal Costs
Each party to bear their own legal costs incurred.
VAT
Plus V.A.T. At the appropriate rate if applicable.
This mixed-use property is of brick construction with a pitched tiled roof and there is a single storey extension to the rear. The ground floor is formed of commercial accommodation, currently let to a food and beverage occupier. There is a sales/seating area to the front, with a commercial kitchen to the rear. The upper two floors form residential accommodation and are let to a separate tenant.
The property is fully let and therefore income producing. The passing rents are as follows:
•Commercial = £8,496 per annum exclusive
•Residential = £10,800 per annum
•Total Income = £19,296 per annum
Location
The end of terrace property is located on Alma Street, within Luton town centre. The surrounding area consists of a mixture of residential and commercial premises. Furthermore, the below are within proximity.
•Luton Mainline Train Station = 9 minute walk
•Bedfordshire University = 14 minute walk
•London Luton Airport = 13 minute drive
•Luton & Dunstable Hospital = 15 minute drive
Terms
The property is available to purchase upon a freehold basis for £305,000. The sale of the property is subject to both the commercial and residential tenancies.
Rateable Value
The Rateable Value of this property is £5,400 (please note that this is not the rate to pay)
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
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