Rare Opportunity to Lease a Refurbished Two-Storey Factory with Vacant Possession

Fixed Price £10,834(pcm)

Quality Office Content, Boardroom/Retail/Commercial Elements Suitable for Head Office Building

Location

Luton which has a population of approximately two hundred and twenty thousand combined with Dunstable is approximately thirty miles north of London straddling junctions 10 and 11 of the M1 motorway.

Contained in the neighbourhood area of Leagrave within the Selbourne Road industrial area.

Leagrave main line railway station and junction 11 of the M1 motorway are within ten minutes’ drive of the property.

There are good local facilities.

Description

It comprises a fully refurbished rectangular two-storey building constructed of framework the front section of which is enclosed with a flat roof and the remainder a shallow pitch, insulated corrugated tin roof incorporating roof lights.  Both the ground and first floor appear to be of solid construction.

The building comprises both modern (approximately ten years) and older sections all of which have been refurbished.

Accommodation

The following accommodation is provided:

 

Ground Floor 149’ x 55’06” = 8,268 sq ft  768m2
First Floor 149’ x 55’06” = 8,268 sq ft 768m2
Gross Internal Building Area 16,536 sq ft 1,536m2
Say 16,500 sq ft 1,533m2

All of which appears refurbished and compliant.

 

Ground Floor Main Retail Area 35’7 x   33’6 = 1,191 sq ft 111m2
Small Retail Area 26’0 x   12’0 = 312 sq ft 29m2
First Floor Offices 55’6 x   34’0 = 1,887 sq ft 175m2
First Floor Commercial Area 55’6 x 115’3 = 6,396 sq ft 594m2
Ground Floor Commercial Area (approximate) 55’6 x 121’ =   6,714 sq ft 624m2
16,500 sq ft 1,533 m2

Facilities

  • High quality shop fit
  • Three phase electricity
  • Single phase electricity
  • Roller shutters for security
  • Air conditioning to the offices and retail area
  • Gas fired central heating to extremely well fitted office areas
  • Fitted kitchen to office area
  • Gas fired suspended blow heating to commercial area
  • Goods lift to commercial area
  • Fire alarm
  • Burglar alarm
  • Eight car parking spaces to front with loading and other spaces
  • Side loading access with additional space for at least eight cars
  • Roller shutter access to side elevation
  • CCTV

Lease Terms

A ten year full repairing and insuring lease at a rent of £130,000 per annum exclusive incorporating a five year rent review is available on a Landlord & Tenant Act excluded lease.

VAT

The property is not VAT registered but the landlord will reserve the right to register.

Planning

Whilst the property has for many years been used for its existing use purchasers are advised to verify with the local planning authority that the existing planning consent suits their requirements.

Rateable Value

We understand that the rates payable on two separate assessments within the property are £23,322.50.

Prospective tenants are recommended to verify the assessments with Valuation Office Agency.

Legal Costs

Each party to pay their own costs.

Energy Performance Certificate

An Energy Performance Certificate will be provided.

Viewing

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

Property Enquiry