For Sale Freehold Office – Subject to Existing Lease with short unexpired term (residential conversion/redevelopment possible subject to planning)
Offers in the region of £315,000 (three hundred and fifteen thousand pounds)
Title: The property is secured under Title BD278335
Location: Luton which has a population of one hundred and eighty thousand people straddles junctions 10 and 11 of the M1 motorway, thirty miles north of London,
The property fronts the northern side of Alma Street within the town centre business district area and within walking distance of The Mall, Town Hall and mainline railway stations. Junctions 10 and 11 of the M1 motorway are within ten minutes drive in normal traffic conditions.
Description: It comprises a two storey pavement lined terraced office building with two storey back addition, all constructed in the early 1980’s of 10.5” cavity brick/block walling around solid ground floor and suspended timber upper floor. The main section is enclosed with a pitched and slated roof with the back addition enclosed with a flat felt covered roof.
- Gas fired central heating
- Fire alarm
- Burglar alarm
Car Parking: Four spaces included in the rear yard which is accessible from Inkerman Street.
Existing Lease: The property is occupied by Friends of the Earth under a lease which expires on the September Quarter Day 2015. Whilst their intentions have been discussed they are not in a position at the moment to renew the lease. As there is an appetite for converting office buildings into residential buildings this property provides such an opportunity.
Planning: Any prospective purchaser should satisfy themselves that their proposed use will not contravene planning policy. The existing use is B1 under The 1987 Use Classes Order subsequently amended.
Legal Fees: Each party to pay its own legal and surveyor’s costs, save that any prospective purchaser will be required to give an undertaking for any abortive solicitor’s and surveyor’s costs should they not proceed following receipt of a contract.
EPC: An Energy Performance Certificate will be made available.
Viewing: Strictly through owner’s agent, Peter Hill by appointment only.