DESCRIPTION;

The property comprises commercial premises providing primarily offices and meeting rooms together with warehouse/storage space and overnight accommodation facilities, described more fully below. The property has 45 parking spaces associated with the property.

TENURE;

The property is held under two freehold titles BD88268 (0.512 acre/0.207ha) and BD41405 (0.078 acre/, giving a combined site area of some 0.59 acre/0.238 hectare. The Property has tenants in situation but can be offered with vacant possession.

ACCOMMODATION;

The building has an approximate internal floor area of 1400 square metres gross (15,064 sqft) with 1068 square metres net (11,492 sqft) arranged over three floors.

The building has brick elevations under felted and asphalted flat roofs with concrete capped parapets. There is a roller shuttered loading bay. There is a portacabin on the first floor roof accessed via a sheltered external staircase. The external areas are primarily concreted, but with some tarmacadam areas.

LOCATION;

The property is located approximately 0.5 mile from Luton Train Station with connection to London Kings Cross St Pancras Station in under 25 minutes. The property is at the junction of Crescent Road with Crawley Green Road. The site is bordered to the north by commercial/industrial land uses, and by residential properties to the west. There are existing bus stops within close proximity of the site providing local service routes. The site is within walking distance of the Town centre and conveniently located for the A6 and M1 with links to the M25.

INTERNAL AREAS;

Ground Floor

Reception - 52sqm
Office - 106sqm
Office - 41sqm
Office - 54sqm
Kitchen - 8.8sqm
Toilet
Internal storage - 4sqm
Internal storage - 55sqm
Loading Bay - 96sqm

First floor

Office
(open area, meeting rooms and three bedrooms all with en-suites) - 414sqm
Portacabin
Kitchen
Toilets

Second Floor

Office - 140sqm
Office - 23.5sqm
Kitchen - 4sqm
Toilets

Net Total - 1,068sqm / 11,492 sq ft (excluding WCs, stairwells and circulation areas).

SERVICES;

The property is connected to mains electricity, gas, water and drainage. No enquiries have been made to the supply authorities and none of the services have been tested. Prospective purchasers are advised to make their own enquiries with the relevant service providers.

EASEMENTS AND RIGHTS OF WAY:

The Property will be sold subject to and with the benefit of all rights, covenants and agreements and declarations affecting the Property whether mentioned in these particulars or not.

VIEWINGS;

All viewings must be arranged by prior appointment with the selling agent. Potential purchasers should note that Spicerhaart group take no responsibility for any injury or accident at the property. Viewers of this property do so at their own risk.

GUIDE PRICE & OFFERS;

The freehold interest in the site is being offered for sale on an unconditional and conditional basis. Offers should please include the following information:

- Identity of the purchaser
- The purchase price (the vendor is seeking a 10% deposit on exchange of contracts with the remainder paid upon completion)
- Level of due diligence undertaken and identification of any abnormal costs
- Details of proposed housing mix and layout
- Confirmation of availability and source of funding
- Confirmation of level of Board Approval for the offer submitted
- Solicitor contact details

Any offers submitted on a subject to planning basis, should be supported with outline proposals for the property and confirmation of the number of units, and square meterage of development proposed upon which the offer is based upon.

Any offers on a unconditional basis, would require an overage clause of any uplift in value, should the buyer obtain residential planning permission and implement a scheme of redevelopment, or obtains a further planning permission for an enhanced scheme.

Prospective purchasers are advised that neither the seller, their agents, nor solicitors bind themselves to accept the highest of any tender submitted.