Retail premises to let in Dunstable Road, Luton LU4

Offered to let by informal tender (closing date noon 9th August 2024)

rental offers invited in excess of £105,000 per annum exclusibe in tandem with A premium offer

A substantial triple fronted ground floor shop occupying a prominent corner position with self-contained first floor unit (which can also be accessed from within the shop).

Three car parking spaces in secure yard.

Gross internal area 6199 square feet.

Location:

Luton which has a population of approximately two hundred and fifty thousand people when combined with Dunstable, straddles Junctions 10 and 11 of the M1 motorway thirty miles north of London and fifteen miles south of Milton Keynes.
This property occupies arguably one of the most prominent positions in the town’s premier secondary retail area in the heart of Bury Park.

Description:

It comprises an end of terrace two storey pavement lined building with single and two storey back additions having become its present formation by the conversion into a single property from what was three separate retail units with upper parts previously known as 213,215 and 217 Dunstable Road.

Whilst the ground floor now provides an open plan retail unit with ancillary service areas, the self-contained first floor is now an interlocking single unit through apertures within the original party walls.

The original properties were constructed of 9” solid brickwork and the modern two storey and single storey back additions are constructed of cavity walling.

The area between the back additions is infilled with a single storey extension under a flat roof and all other roof surfaces are tile covered.

It has the benefit of a gated yard which will park three vehicles.

Facilities:

Each unit has its own dedicated water, drainage and electricity supplies. Gas is available in the street.

Each unit has the benefit of:

• Electric heating and air conditioning
• Fully fitted kitchens
• Single phase electricity
• Burglar and fire alarms
• Stairlift to first floor

Accommodation:

Approximate considered ground floor area 3308 square feet/307.38m2

Approximate considered first floor area 2891 square feet/268.61m2

Prospective bidders should not rely on these areas.

Outside, parking for three cars in gated area.

EPC:

Energy Performance Certificates will be provided.

Planning:

The ground floor has always been used for retail purposes.

The first floor for at least twenty years has been used a childrens’ nursery.

If prospective purchasers wish to use the property for any other they should contact Luton Borough Council.

Rateable Values:

The Valuation Agency Office website shows the following:

Ground Floor £50,000

First Floor £18,000

Prospective bidders should check these figures themselves.

Rent:

Offers are sought by way of informal tender in excess of £105,000 (one hundred and five thousand pounds) per annum exclusive.

Premium Bids:

Any rental offer should include any premium bids.

Legal Costs:

Each party to be responsible for their own legal costs.

The successful bidder will be required to give an undertaking for solicitors’ and agents’ fees should the purchaser withdraw. Whilst the legal costs will be agreed between the solicitors, abortive agent’s fees will be £2000 plus VAT.

Completion:

Purchasers will be required to complete the lease by 9th September 2024.

Viewing:

Strictly by appointment through Peter Hill .