£10,000,000

Industrial for sale

  1.  CGI Of The Proposed Development
  2.  CGI Of The Proposed Development
  3.  CGI Of The Proposed Development
  4.  CGI Of The Proposed Development

Offers over

£10,000,000

(£162.99/sq. ft)

Industrial for sale

Burr Street, Luton LU2

61,354 sq. ft

Local area information

Property location

Nearby amenities

  • Chiltern Learning Academy 0.1 miles
  • St Matthew's Primary School 0.2 miles
  • Luton 0.2 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

  • A 0.57 hectare (1.4 acre) underutilised industrial island site
  • Situated minutes from Luton train station
  • Planning consent granted to provide 406 apartments
  • 398 private residential apartments
  • On-site affordable housing provision of eight units
  • The total proposed NIA is approx. 21,943 m2 (236,194 ft2)
  • The total proposed gia is approx. 27,847 m2 (299,742 ft2)
  • A S73 has been submitted for an additional eight apartments and to vary the S106
A 0.57 hectare (1.4 acre) underutilised industrial island site of low-density commercial units.

Situated minutes from Luton train station, providing access to London in 25 minutes and within easy reach of London Luton International Airport.

The development is in High Town, an area undergoing substantial regeneration due to the High Town Masterplan.

A planning application has been granted (Ref: 22/00807/ mmamd & 24/00065/ amend) to demolish the existing buildings and construct a new residential development over four separate blocks from five to eleven storeys comprising:

• 398 private residential apartments.

• On-site affordable housing provision of 8 x dmr units.

• Predominantly one & two-bed apartments.

• NIA approx. 21,943 m2 (236,194 ft2).

• gia approx. 27,847 m2 (299,742 ft2).

• Amenity approx. 144 m2 (1,550 ft2).

It is our understanding that there are S106 Contributions of approx. £850,000 and Zero cil Liabilities, however, we strongly encourage interested parties to carry out their own due diligence to confirm this.

A S73 has been submitted for an additional eight apartments and to vary the S106 to significantly reduce the financial contributions and remove the on-site affordable units.

The property is offered for sale freehold with vacant possession upon legal completion.

Floor plans and tours

Floor plans (1)

1 floor plan available

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  1. Zoopla
  2. Commercial for sale
  3. Bedfordshire
  4. Luton
  5. Burr Street

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