No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£600,000
Added > 14 days

Retail property (high street) for sale

Waller Avenue, Luton LU4
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Retail property (high street)
5 bed
0 bath
957 sq ft / 89 sq m

Property description & features

  • Tenure: Freehold
  • Prime Location
  • Investment Opportunity
  • Off Road Parking
  • 1,1016 sq. ft of Zone A Space
  • Investment Yield over 5%


Venture Commercial are proud to present this incredible
opportunity to buy a large property comprising of a spacious ground
floor retail unit and a 5 bedroom house. The property benefits from
off-road parking and Class C3, E(c)(i) and E(a) use.

The ground floor retail unit measures 1,313 sq. ft (approx.) and
comprises of 1,016 sq. ft (approx.) of Zone A space with tiled floors
and double glazed windows to the front and side elevation of the
property. The property also benefits from staff toilets and storage
space to the rear and first floor of the property.

The 5-bedroom house comprises of a Kitchen and Lounge to the
ground floor and 5 bedrooms to the first floor alongside a shower
room and a bathroom. The property also benefits from a sizeable
garden and double garage to the rear of the property.

The retail unit is currently tenanted with 9 years remaining on the
lease and sees a rental income of £14,000 per annum whilst the 5-
bedroom house is offered vacant with the prospect of achieving a
rental income of £1,500 per calendar month (£18,000 per annum)
giving a total income circa £32,000 per annum. The commercial
lease also has a rent review every 4 years with the next review due
later in 2023 giving an opportunity to increase the total rental
income of the property.

If fully tenanted, the property is likely to give a investment yield
above 5%.

Contact us at Venture Commercial for more information and to
arrange a viewing

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Property information from this agent

Places of interest

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    Venture Residential are a refreshing local independent estate agency focused on bringing London buyers to Luton. This ensures us to achieve the maximum value for our properties and in most cases receiving asking price offers or above. We are a fast growing company with over 25 years combined experience in the property market and all of our team have extensive knowledge about Luton and the surrounding areas. We personalise our service to each client as we understand no two properties are the same and appreciate that each individual client has different needs with selling their property. We will guide you through some of the most difficult decisions buying and selling your property to make it as stress-free as possible. We are proud to offer an excellent service to all of our clients with a great reputation and satisfied vendors. Our expert negotiators have played a big part in our success by having the motivation and drive to go the extra mile for our vendors. If you are thinking of selling or just wondering what your property is worth we will be happy to arrange a free valuation.

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    *DISCLAIMER

    Property reference 5445_VENR. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Venture Residential - Luton.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on January 7, 2022

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.