Prominent Corner Property (including an established launderette if required) Offered For Sale by Informal Tender – CLOSING DATE NOON FRIDAY 14th JUNE 2019

Offers in Excess of £425,000

Offers invited in the region of £425,000                                                                                                      on a freehold with possession basis but could be subject to an existing first floor                                            AST tenant if required (£260 per month)                                                                                                              Capable of enlargement subject to planning

Title

The property is secured under Title BD37944.

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 position in a built-up area one and a half miles west of Luton town centre and three miles east of Dunstable town centre at the junction of Dunstable Road with Douglas Road.

Junctions 10 and 11 of the M1 motorway are within fifteen and five minutes’ drive respectively in normal traffic conditions.

Description

The property comprises a two-storey, detached building with a single storey back addition and a return frontage to Douglas Road. The property benefits from a rear parking area.

The ground floor contains a self-contained lock-up shop with the upper parts providing a one bedroom flat which is the subject of an assured shorthold tenancy at £260 per calendar month.

Construction appears to be mainly of 9” solid brick walls partially relieved with cement render enclosed with a tiled roof.

The single storey lean to addition (not traditional construction) is enclosed with a corrugated Asbestos roof.

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

The rear yard provides car parking space.

Accommodation

Ground Floor Self-contained lock-up shop
Frontage 19’0” /5.79m
Shop depth 30’3” /9.22m
Shop area 574 /54.40m2
Covered area 316 /29.38 m2
Total ground floor area

 

890 /82.78 m2

 

First Floor Entrance hall, lounge, bedroom, kitchen and bathroom

Energy Performance Certificate

An Energy Performance Certificate will be provided.

Planning

Whilst the property effectively has Class A1 and residential use prospective purchasers are recommended to check the planning situation with The Luton Borough Council.

Price

Offers sought in the region of £425,000 (four hundred and twenty five thousand pounds).

Bidders must show proof of funds.

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

Viewing

Strictly through Peter Hill Chartered Surveyors on 01582 724828/07973 148576.

Property Enquiry