For Sale by Informal Tender

Sale by Tender £725,000

80 Castle Street, Luton LU1 3AL including 2a, 2b and 2c Windsor Street (Block 1) – Offers Invited by Informal Tender in Excess of £725,000. Closing Date: Noon Friday 15.10.21  NOTE: Block 2 (2d Windsor Street) 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 an access road to the M1 motorway.

Description

Whilst the entire part three storey and part two storey building was originally constructed at the turn of the Twentieth Century, following an  unwanted visit from a  circus lorry in the late 1970s  80 Castle Street has substantially been rebuilt in modern form.

The original sections of the property were constructed on 9” solid brickwork with some external rendering around solid ground floor, suspended timber floor above the café basement and upper floors and all enclosed with a slate covered roof.

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

The upper parts benefit from central heating.

Accommodation

A schedule of tenancies can be provided.

Tenure

Freehold subject to three existing leases on ground floor and seven lettable rooms (one of which is occupied by the café tenant) over with kitchen, lounge, shower and wc facilities all with vacant possession.

Planning

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

Energy Performance Certificates

Energy Performance Certificates are 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 are sought in excess of £725,000 for the Freehold Interest subject to the existing occupational leases and vacant possession of the upper parts 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, 80 Castle Street” and sealed.  Tender forms available by request.

Viewing

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

Property Enquiry