Property photos
Just added
Freehold
£350,000
(£175.00/sq. ft)
Town house for sale
New Bedford Road, Luton LU12,000 sq. ft
Local area information
Property location
Nearby amenities
- Luton 0.2 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
- Freehold
- Town Centre Location
- Rental Income
- Carparking
Description
Purpose built premises comprising two retail units and 8 apartments with undercroft car parking. The retail units are both let and the apartments have been sold.
Retail Unit 17 - let for a term of 9 years from June 2017. The passing rental is £8,000. The 2023 rent review has not been settled. We believe it to have a rental value of circa £13,000 per annum. Lease expires 2026.
Retail Unit 19 - let for a term of 15 years from June 2021. The passing rental is £14,000 per annum and was set in June 2021.
Undercroft Car Park - Approximately 5 spaces all demised.
Crown Court Apartments - 5 have already seen lease extensions. 3 apartments have not seen their ground leases extended. The ground leases are for a term of 99 years from March 1988. Current ground rent total income £760 per annum.
The last ground lease to be extended was undertaken at a premium of £23,800 in March 2019.
Location
Crown Court is located at the junction of New Bedford Road and Inkerman Street, Luton opposite The Galaxy Leisure Centre.
Terms
The freehold interest in the entire property is available at £350,000.
VAT
Unless otherwise stated, VAT will be payable at the appropriate rate, if applicable.
Purpose built premises comprising two retail units and 8 apartments with undercroft car parking. The retail units are both let and the apartments have been sold.
Retail Unit 17 - let for a term of 9 years from June 2017. The passing rental is £8,000. The 2023 rent review has not been settled. We believe it to have a rental value of circa £13,000 per annum. Lease expires 2026.
Retail Unit 19 - let for a term of 15 years from June 2021. The passing rental is £14,000 per annum and was set in June 2021.
Undercroft Car Park - Approximately 5 spaces all demised.
Crown Court Apartments - 5 have already seen lease extensions. 3 apartments have not seen their ground leases extended. The ground leases are for a term of 99 years from March 1988. Current ground rent total income £760 per annum.
The last ground lease to be extended was undertaken at a premium of £23,800 in March 2019.
Location
Crown Court is located at the junction of New Bedford Road and Inkerman Street, Luton opposite The Galaxy Leisure Centre.
Terms
The freehold interest in the entire property is available at £350,000.
VAT
Unless otherwise stated, VAT will be payable at the appropriate rate, if applicable.
More information
Listed by
S.R. Wood & Son Ltd
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