Property for sale

An opportunity has arisen to acquire this prime piece of commercial real estate in Luton town centre. comprising of two floors, works shops and office spaces. Ideal for conversion and development subject to correct planning being granted.

Situated within walking distance to Luton mainline train station and shopping centre any scheme would be well in demand. With the immediate area undergoing large amounts of regeneration and large developments having been launched and hugely successful in the last 12 months this site offers a great opportunity.

Size

Ground floor
Workshop 209.40 sq m / 2,254 sq ft
Loading area approximately 35.77 sq m / 385 sq ft
Offices approximately 15.97 sq m / 172 sq ft
Covered yard/store approximately 43.50 sq m / 468 sq ft

First floor
Offices approximately 259.65 sq m / 2,795 sq ft

Total floor area approximately 565.29 sq m / 6,074 sq ft

There are several multistorey residential apartment blocks in the near vicinity.

The site is approximately 5 minutes walk away from Luton Central Train Station, with services to several major station including London St. Pancras, London Luton Airport and London Gatwick Airport. Luton is well served by a wide range of facilities. The area offers restaurants, bars and shops which are in the town centre of Luton, Great access to M1 10/11Junctions. Wardown Park is the closest large green space, less than 1km away. Also 10 minutes walk from University of Bedfordshire, Luton Campus.

TENURE
Investment Opportunity, For Sale Freehold, For Sale

The approximate site boundary defined on the location plan is for illustrative purposes and the site purchaser will need to confirm the exact outline with their solicitors.

VIEWINGS

Viewings are by appointment only. Please contact LT Properties directly to arrange this, on[use Contact Agent Button] [use Contact Agent Button]

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Tenure: Freehold