Expressions of Interest Sought – Prominent Corner Site & Property with Vacant Possession – Development Potential – Including an Established Launderette (if required)

Offers in Excess of £600,000

Interested parties should register their interest by close of business on Monday 3rd June 2019 by post or email

 

Title

The property is secured under Title BD303526.

Location

Luton which has a population of approximately two hundred and twenty thousand people straddles junctions 10 and 11 of the M1 motorway thirty miles north of London and fifteen miles south of Milton Keynes.

The site occupies a prominent cross roads position in the sought after neighbourhood area of Leagrave adjoining a busy secondary shopping area and within three quarters of a mile of Leagrave railway station.

Junctions 11 and 11a of the M1 motorway are within fifteen minutes’ drive in normal traffic conditions.

Description

The property comprises a pair of semi-detached buildings presently converted into one at ground level providing an operational launderette and at first floor level a large three bedroom flat with kitchen diner and bathroom.  The main building is linked to a single storey shop, behind and to the side of all of which is a car park and site all capable of development.

Construction appears to be mainly of 9” solid brick walls.

The two storey section appears to be constructed of solid brick walls enclosed with a pitched and slated roof with the back addition to the two storey section and the shop to the side partially constructed of cavity brick walling and enclosed with a flat roof.

All mains services are either available (subject to connection) or connected.

Accommodation/Occupation Schedule

 

Site Frontage  87’6” /26.6m
Site Depth 127’0”/38.7m
Site Area 0.25 acre
Ground Floor Launderette 1,400 sq ft/ 130m2 (approx) (gross internal)
Computer Shop 300 sq ft/27.88m2 (gross internal)
First Floor Self Contained Flat Entrance hall, kitchen diner, bathroom, three bedrooms

It is important that any prospective purchaser verifies this information for himself.

Rateable Value

The launderette and computer shop are separately rated as is the flat (council tax) all of which information is available on the Valuation Office Agency website (www.voa.gov).

Energy Performance Certificate

An Energy Performance Certificate will be provided.

Planning

Whilst the property effectively has Class A1 and residential use the site is ripe for redevelopment.  Prospective purchasers are recommended to make their own planning enquiries with the local planning authority.

Price

Expressions of Interest are sought at a price in excess of £600,000 (six hundred thousand pounds).  Both conditional and unconditional offers may be considered.

Legal Costs

Each party to be responsible for their own legal costs.

Purchasers will be required to lodge £2,000 (two thousand pounds) when terms are agreed in respect of abortive agents’ and solicitors’ fees should the purchaser not proceed once draft documentation has been issued.

Completion

Purchasers will be required to exchange contracts within twenty working days of receipt of draft contracts and complete within twenty eight days thereafter.

Legal Costs

Each party to be responsible for their own legal costs.

Property Enquiry