£2,900,000

Industrial for sale

  1.  224 Hightown Road, Luton
  2.  251-253 Hightown Road, Luton
  3.  Unit 2 Workshop

Guide price

£2,900,000

(£212.56/sq. ft)

Industrial for sale

High Town Road, Luton LU2

13,643 sq. ft

Local area information

Property location

Nearby amenities

  • St Matthew's Primary School 0.3 miles
  • Chiltern Learning Academy 0.3 miles
  • Luton 0.5 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

Commercial & residential investment / development

Opportunity (subject to planning consent)

hightown road, luton, bedfordshire
For sale freehold

location


The premises are located in Hightown Road close to the Round Green district of Luton.
Description


The subject buildings are located on opposite sides of Hightown Road and are comprised mostly of workshops with established use for Motor Vehicle Repairs together with an element of residential.
The properties are further described as follows:-

lot 1 224 hightown road, luton, LU2 0DN

Workshop Unit 1A
2,752 sq ft Let on a 5 yea r lease contracted out of the Landlord &
Tenant Act 1954 commencing August 2022
Rental £24,000 per annum exclusive.

Workshop Unit 1B
2,921 sq ft Let on a 5 year lease contracted outside the Landlord
Tenant Act 1954 commencing June 2025
Rental £28,000 per annum exclusive.

Workshop Unit 2
2,046 sq ft Let on a 3 year lease contracted outside the Landlord
Tenant Act 1954 commencing September 2024
Rental £31,000 per annum exclusive.

224 Hightown Road Residential 3 Bedroomed House
1,668 sq ft Let on an assured shorthold tenancy.
Rental £12,000 per annum.

Total rent income lot 1 £95,000 per annum.

Lot 2. 251/253 hightown road, luton, LU2 0BZ

251 Hightown Rd
341 sq ft Ground Floor Office / Retail Unit.
Let on a 5 year lease contracted out of the Landlord & Tenant Act 1954 from July 2022
Rental £5,000 per annum exclusive.

Workshop R/O 251 Hightown Road
3,273 sq ft
Let on a 5 year lease contracted outside of the
251 Hightown Rd Landlord & Tenant Act 1954 from July 2022
Rental £22,000 per annum exclusive.

Residential First Floor Flat 251 Hightown Road
642 sq ft Let on an assured shorthold tenancy
Rental £6,600 per annum exclusive.
251 Hightown Rd

253 Hightown Road
Residential House Converted into 3 self-contained flats, all of
which are presently let & producing a combined income of £23,400 per annum.

Total rent income lot 2 £57,000 per annum.

Combined rental income for lots 1 & 2 = £152,000 per annum
Terms


The entire property is offered for sale freehold to include the current leases/ tenancies in the sum of £2,900,000 million pounds. Alternatively, consideration may be given to selling Lot 1 & Lot 2 as two separate entities.

VAT We are advised that VAT is not applicable to the sale.

Viewing Strictly by prior appointment via sole agent: -
Duncan welch & company ltd

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Property descriptions and related information displayed on this page are marketing materials provided by - Duncan Welch & Co. 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 Duncan Welch & Co for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Bedfordshire
  4. Luton
  5. High Town Road