1 bed property for sale

Leagrave Road, Luton, Bedfordshire LU4

Exceptional Freehold Investment Opportunity in Bury Park – MixedUse Property for Sale
156 Leagrave Road, Luton, Bedfordshire, LU4 8HX
Total Area: 972 SqFt (90.28 m2) Plus Residential Accommodation
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Why This Property Is a MustBuy
•Rare Freehold Opportunity in the SoughtAfter Bury Park
•Located in One of Luton's Most Thriving Commercial Districts
•High-Yield Investment with an Annual Income of £52,200
•Mixed-Use Property with Additional Revenue Potential
•Prime Location with Excellent Footfall and Accessibility
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Location – Prime and Prominent
Situated on Leagrave Road near the junction with Selbourne Road, this property enjoys a high-visibility position on one of Bury Park’s busiest thoroughfares. The surrounding area is a vibrant mix of bustling commercial activity and residential communities, ensuring steady demand from tenants and businesses alike.
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Property Overview – Exceptional Features
Ground Floor:
•Retail Unit: A well-maintained 972 sqft (90.28 m2) retail unit, currently let to a convenience store generating £30,000 per annum.
•Ground Floor Flat E: A compact 238 sqft (22 m2) studio apartment (STPP) at the rear, currently vacant, offering significant income potential once let.
First Floor:
•Flat C: A 1-bedroom apartment measuring 462 sqft (43 m2) let on an assured shorthold tenancy agreement (AST) at £10,200 per annum.
•Flat D: A larger 1-bedroom apartment measuring 527 sqft (49 m2) let on an AST at £12,000 per annum.
Additional Features:
•Front forecourt, rear courtyard, and secure lock-up storage units, enhancing the property's usability and appeal to tenants.
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Investment Details – Strong Returns
Purchase Price: £900,000 (Freehold)
•Sale is subject to existing tenancies, providing immediate rental income.
Current Rental Income:
•Retail Unit: £30,000 per annum, with a lease expiring in July 2031 and a rent review due in 2027.
•Residential Apartments: £22,200 per annum combined (£10,200 from Flat C and £12,000 from Flat D).
Total Rental Income: £52,200 per annum, with further potential to increase through:
1.Renting the vacant Ground Floor Flat E.
2.Benefiting from the rent review in 2027, likely to result in an upward adjustment.
Commercial Lease Summary:
•Lease Term: 7 years (expiring July 2031).
•Break Clause: July 2028, with 6 months’ prior notice.
•Rent Review: 3rd anniversary (upward-only open market basis).
•Security of Tenure: Excluded under the Landlord & Tenant Act 1954.
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Key Selling Points
•Rare opportunity to own a freehold in Luton's bustling commercial district.
•Diversified and reliable rental income from both commercial and residential tenants.
•Immediate potential to grow income by letting the vacant Ground Floor Flat E.
•Ideal for investors seeking a high-yield property with long-term growth prospects in a prime location.
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Additional Information
•Rateable Value: To be confirmed (visit gov UK Tax Service for details).
•Legal Costs: Each party to bear their own legal and professional fees.
•VAT: Not applicable.
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This is a Rare and Lucrative Investment Opportunity!
For more information or to arrange a viewing, contact:
•Sabbi Bains: •Sam Bains: