Lease hold/possible freehold

£4 million




Former Halls of Residence

Location

Close to the Airport on the south side of the town.

Description

Student accomodation halls of residence with development potential

Accommodation:

Possible uses include Residential/Hotel/Mixed (subject to lease and planning)

It presently provides 25 student flats mainly 5 bed kitchen and shower facility, furnished and heating. Whilst offers would be considered for the leasehold interest I anticipate negotiations with the freeholders regarding a variation in the lease terms to widen the user clause and possibly to be in a position to offer the Freehold interest.

Whilst offers would be considered for the leasehold interest I anticipate negotiations with the freeholders regarding a variation in the lease terms to widen the user clause and possibly to be in a position to offer the Freehold interest.

Tenure

ASSIGNMENT OF LEASE / POSSIBLE FREEHOLD SALE

Rent

Rates

Legal costs

Viewing

FURTHER INFORMATION CONTACT:-

Peter Hill 01582 724828 pjh@lutoncommercial.com