For Sale by Informal Tender – CLOSING DATE NOON ON TUESDAY 26TH FEBRUARY 2019

OIRO £430,000

OFFERED FOR SALE BY INFORMAL TENDER, PROMINENT CORNER PROPERTY WITH A3 RELATED USE, RIPE FOR CONVERSION/DEVELOPMENT

Title

The property is secured under Title BD53294.

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 property is located at the end of a suburban retail parade in a built-up area in a prominent roadside area, one and a half miles west of Luton town centre and three miles east of Dunstable town centre.

Junctions 10 and 11 of the M1 motorway are within fifteen and five minutes’ drive respectively in normal traffic conditions, and the parade benefits from free shopper parking.

Description

The property comprises a two-storey, end of terrace building with a single storey back addition and a return frontage to Dunstable Close. The property benefits from a large garden to rear with (derelict) double garage, and side road access which could provide additional parking SPP.

The ground floor contains a self-contained lock-up shop with part of the ground floor and upper parts providing a two bedroom maisonette which has been converted to provide three bedrooms.

Construction is by way of a mix of 9” solid brick walls partially relieved with a cement render to the original building and some cavity brick construction to the back addition.

All main services are either available or connected. The property been the subject of some vandalism and has been boarded up for security purposes. Overall the property, makes an ideal development opportunity, possibly with the addition of an extra shop to the side or rear extension (subject to planning consent).

Accommodation

Ground Floor Self-contained lock-up shop
Entrance to residential unit with kitchen area
Stairs to first floor
First Floor Three bedrooms
Shower room

Energy Performance Certificate

The property is rated 31-F and will need to be amended following the purchaser’s conversion works.

Planning

Whilst the property effectively has an A3 use, there is planning history on the property which includes approval for conversion to A1, with a side extension, and offices above. This can be accessed via the Luton Borough Council Planning Portal (www.luton.gov.uk).

The trees to the rear yard are subject to a tree protection order, however approval to remove the existing and replant were granted as part of the above planning approval process. The buyer should rely on their own inspection of the planning register, and expert advice in this area.

Price

Offers sought in the region of £430,000 (four hundred and thirty thousand pounds).

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.

Completion

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

Viewing

Strictly through Peter Hill Chartered Surveyors on 01582 724828/07973 148576, working in conjunction with joint agent.

 

 

Property Enquiry