GROUND FLOOR SELF-CONTAINED SHOP IN LEAGRAVE WITH SELF-CONTAINED TWO BEDROOM MAISONETTE (WITH GARAGE) OVER.
BOTH SECURED ON SEPARATE LEASES.
WITHIN WALKING DISTANCE OF LEAGRAVE STATION.
Title
The Freehold Interest in the property is secured under Title BD83880.
Location
Luton, which has a population of two hundred and fifty thousand people when combined with Dunstable, straddles junctions 10 and 11 of the M1 motorway.
The property is contained in the sought-after neighbourhood of Leagrave three miles north of Luton town centre.
Junction 11 of the M1 motorway is two miles distant. Leagrave mainline railway station is within fifteen minutes’ walk.
Description
It comprises a three storey end of terrace building which provides a ground floor self-contained lock up shop and a self-contained two bedroom maisonette over with garage (both tenanted).
Accommodation
| Ground Floor Shop
|
First and Second Floor Maisonette |
| Gross internal area 692 sq ft | · Single phase electricity
· Mains lighting and power · Mains drainage · Garage to rear · On street car parking is available
|
VAT
No VAT is payable on the purchase price.
Planning
Whilst prospective purchasers should verify the planning position with the local planning authority (luton.gov.uk) the planning history has an established used of takeaway, now falling under Class E of the Use Classes Order.
Rateable Value
The Valuation Office Agency website (voa.gov.uk) indicates a rateable value of £7,000 for the ground floor shop.
Lease Terms
The ground floor is secured on a ten year lease dated 28th June 2017 at a passing rent of £16,500 per annum subject to rent review in 2027 and a tenant only break in July 2027.
The maisonette is let on an assured shorthold tenancy presently producing £950 per calendar month.
Documents can be made available for interested parties.
Legal Costs
Each party to pay their own.
Energy Performance Certificate
An Energy Performance Certificate will be provided.
Viewing
Viewing is strictly by appointment through Peter Hill Chartered Surveyors on 01582 724828 or 07973 148576.