Land for sale in Dudley Street, Luton LU2

Former Hat Factory of circa 25,000 sq ft with potential for residential conversion.
For Sale by Auction at 6.30 pm on Monday 8th July 2024
at the Double Tree By Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ
Contact the Auction Team to Register: Or

Description

The property comprises two inter-connected buildings, one a two former hat factory, which have been interconnected to provide offices, workshops and storage space. The properties are situated over four floors with two sets of stairs and lifts.

Location

The property is located close to Luton Railway Station with connections to London Kings Cross & St Pancras Stations. The property is bordered to the west by residential uses, and by commercial properties to the north There are bus stops within close proximity of the site providing local service routes The site is within walking distance of the town centre and conveniently located for the A6 and M1 with links to the M25

Accommodation

Basement: Warehousing with access to a private courtyard.
Ground Floor: Loading bay, warehouse, meeting room, offices, W.C.
First Floor: Warehousing, showroom, stores, offices, kitchen, W.C.
Second Floor: Warehousing, offices, staff room with kitchen
Gantry interconnecting the two buildings.
Gross Internal Area: 1 Dudley Street 935 m2 (10,064 sq ft)
Gross Internal Area: 3-5 Dudley Street 1,370 m2 (14,756 sq ft)

Services

The property is connected to mains electricity, gas, water and drainage. No enquiries have been made to the supply authorities and none of the services have been tested. Prospective purchasers are advised to make their own enquiries with the relevant service providers

Planning & Supporting Information.

Our research of the planning history has revealed the following:
- 5 Dudley Street Luton LU2 0NT
- 01/01059/ful Approved 20 Nov 2001
- Redesign of front elevation of buildings

- 5 Dudley Street Luton Bedfordshire LU2 0NT
- 05/01669/ful Approved 02 Feb 2006
- Conversion of existing building and erection of two further floor levels and rear extension comprising lower ground, ground and first floor offices and second, third and fourth floors 14 No Flats.

- 1 Dudley Street
- 08/01303/ful Approved 8th January 2009
- Conversion and change of use of existing building to 2 retail/office units, 2 live/work units and 8 one-bedroom flats. (Resubmission)

Our Client commissioned a feasibility report in 2016 in respect of the potential conversion of the property as follows:
- Apartment Scheme (32-48 units)
- Student Accommodation (66 units)
- Apartment under Permitted Development (32 units)
A copy of the report can be found in the Info Pack.

2019 - Pre-Application submitted as follows:

Our proposal is for the change of use and refurbishment of the basement and ground floor from B1(c) to B1. We are also proposing to change the use of the first and second floors from B1(c) to C3 by adding 12 flats. In addition to this, we are also proposing a 4 storey extension to No.1, and a three storey extension to No.5 providing a further 17 flats. The 29 flats in total comprise a mix of one, two and three bedroom flats.

Nb: Whilst bjb will try and supply as much information as we can about the planning status of the land / property, please be mindful that we are not planning consultants and accordingly it is important that prospective purchasers ensure they have inspected the land / property and rely upon their own enquiries, assessments and due diligence with regards to the planning status and current or potential uses. All information is supplied in good faith and bjb cannot be held liable for any errors or omissions.

Business Rates

The property is located within Luton Borough Council and is currently listed for rates as Factory and Premises with Rateable Values as follows:
1 Dudley Street: £46,500
3-5 Dudley Street: £36,750

Tenure.

Freehold with vacant possession upon completion.

Vat

All prices quoted by Butters John Bee are exclusive of VAT unless otherwise stated. We are advised by our Client's solicitor that VAT is not applicable to the sale of this property.

Pre-Auction Offers.

Any pre-Auction offers should be submitted via e-mail to . All offers will be forwarded to the client for consideration, but please be aware that the majority of clients prefer to let the marketing run for a period, prior to giving serious consideration to accepting any pre-Auction offer.

Common Auction Conditions.

This property is sold subject to our Common Auction Conditions (a copy is available on request).

Buyers Admin Fee.

A buyers administration fee of £1,000 plus VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.

Legal Pack.

Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. The legal pack can be viewed online via our website . These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.

Addendum.

Check the latest addendum at for any alterations or changes to the catalogue.

Internet, Telephone And Proxy Bidding

We are pleased to announce that we are now back in the Auction room at the Double Tree Hilton Hotel (Moat House). However, we also have the other bidding options available: On-Line / Telephone / By-Proxy. You will need to register in advance and provide two forms of id. Register at or contact the Auction Team on or .

Legal Costs

Please refer to the auction pack in respect of any legal fees or search fees which may be due upon exchange or completion.

Viewings

Strictly By Appointment with the bjb Land & New Homes Team

All Enquiries

Land & New Homes Team
Luke Cheek
Paul G. Beardmore BSc mrics

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