For Sale by Informal Tender

Sale by Tender £500,000

2d Windsor Street, Luton, Bedfordshire LU1 3AL (Block 2) including ground floor lock-up shop secured on lease and two floors of self-contained residential with vacant possession.  NOTE Block 1 is also available by a separate tender process.

The property is secured under Title BD192773.

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.

Castle Street is on the southern periphery of the town’s central business district and occupies a self-advertising location at a busy junction on Castle Street, an M1 motorway access route.

Description

A detached three storey pavement lined building built in the early 1980s of cavity brick and block walling around solid ground floor, suspended timber upper floors and enclosed with a pitched and tiled roof.

All main services are either connected or available in the road.

The upper parts benefit from central heating.

Accommodation

A schedule of tenancies is available on request.

Tenure

Freehold subject to the existing Leasehold Interest on the ground floor with vacant possession of five rooms, kitchen and wc facilities on the first floor.

Planning

Prospective purchasers are advised to discuss any planning requirements other than the use which exists with the local planning authority.

The residential element has been let on a room by room basis offering food at the café within Block 1, effectively bed and breakfast.

Energy Performance Certificate

An Energy Performance Certificate is available.

Rateable Value

Prospective tenants are recommended to verify the assessment with The Valuation Office Agency (voa.gov.uk).

The tenants are responsible for rates on the commercial elements.

Price

Offers in excess of £500,000 are sought for the Freehold Interest with the benefit of the existing Leasehold Interest by way of informal tender by noon on 15th October 2021 in the prescribed form.

Tendering

When tendering please ensure that the envelope in which the bid is contained is labelled “Tender Document, 2d Windsor Street” and sealed.   Tender forms are available on request.

Viewing

Strictly through Peter Hill Chartered Surveyors 01582 724828 or 07973 148576.

Property Enquiry