Disposal of Long Leasehold Interest




Self Contained Office Building with Parking

2400 sq ft. ( 223 sq m.)

Location

Fronts the north side of Alma Street within the town’s central business district and within walking distance of the Arndale Centre, the Town Hall and mainline railway station. Junctions 10 and 11 of the M1 are within a ten minute drive under normal conditions

Description

A two storey pavement lined inner terrace office building constructed in the 1980’s of 10.5 inch cavity brick / block walling around solid ground floor, suspended timber floor and enclosed pitched and tiled roof, with flat covered roof to the rear section. Most internal walls are demountable partitions

Accommodation:

Approximate Floor Areas

Ground Floor 1,140 ft2 105.9 m2 First Floor 1,260 ft2 117.1 m2

Ground Lease Detail

Secured on a 99 year term commencing 1st July 1981, with Luton BC dated 23rd October 1981. Ground rent passing is confirmed as £3448.84 pa and reviews are every five years with the next due in 2011. Reviewed to 17.5% of market rent<<<

Services / Facilities / Parking

Gas fired central heating, fire alarm, burglar alarm. Four car spaces accessible from Inkerman Street

Tenure

Rent

Price: £250,000 for the Long Leasehold interest

Rates

The tenant will be responsible for rates, which have yet to be assessed. See www.voa.gov.uk

Legal costs

Each party to bear their own legal fees. VAT status yet to be determined.

Viewing

For further information and to view the property, or if we can locate a property to your requirements, please call Peter Hill or Ben Owen now:

Direct  01582 724 812 / 01582 459 600

Mobile 07973 148 576

or email us at:    agency@lutoncommercial.com

 


Whilst given in good faith and believed accurate, Peter Hill Commercial, their employees, or clients do not make representation or warranty in relation to this property, all statements contained within these particulars are made without responsibility on their part.  All dimensions are approximate and should not be relied upon as statements of fact. Interested parties should make their own inspections or enquiries, and must satisfy themselves as to the VAT status. E&OE