Retail premises to let in Leagrave Road, Luton, Bedfordshire LU3

Exciting Opportunity to Lease a Prime Retail Space in Luton – Leagrave Road

An exceptional opportunity has arisen for an ambitious entrepreneur to lease a fantastic retail space on the bustling Leagrave Road in Luton! This vibrant area boasts heavy foot traffic and high visibility, making it an ideal location for your business to thrive. Currently operating as an Asian clothing shop, this space has been meticulously renovated by the existing tenant, who has invested significantly in upgrading the premises, creating a modern, stylish, and functional retail environment.

Please note: The current tenant is not selling their business name, providing a blank canvas for you to launch your own brand in this prime location.

Key Features of the Shop:

Prime Location: Situated on the highly soughtafter Leagrave Road, a thriving area with excellent prospects for any business. The shop benefits from significant footfall and is perfectly positioned to attract a steady stream of customers.

Beautifully Renovated: The current tenant has spared no expense in modernizing the space, from the striking ceramic flooring to the enhanced lighting system, providing a welcoming and professional retail setting.

Ample Frontage: A generously sized window display and front-facing door ensure your shop stands out, making it perfect for showcasing your products and drawing customers in.

Comprehensive Security: Equipped with CCTV cameras, the shop offers peace of mind and security for you and your customers.

Functional Layout: The front shop area leads to a rear changing room, storage areas, and a designated display for Asian clothes. There's also a kitchen, WC, and additional understair storage for convenience.

Outdoor Space: The ground floor includes a garden and a brick-built storage unit, recently rebuilt by the current tenant, providing extra space for your business needs.

Parking: Convenient customer parking is available right in front of the shop.

Shop Dimensions:

Size: 13.528m x 3.920m – 53.030m2 approx
Rent: £12,000.00 per annum
Utilities: Electricity £100 pcm, Water £25 pcm
No Business Rates: Eligible for small business relief, meaning significant savings!
Phase 3 Electricity: Fully equipped for your business needs.

Lease & Financial Information:

Premium: £60,000.00 – Negotiable
Lease Term: 4 years remaining on an open lease, with the option to extend.
Stock Purchase: Stock is available for purchase but not included in the premium.
Business Name: The current tenant's business name is not for sale, so you will have the freedom to create and promote your own brand identity.
Legal Fees: Each party is responsible for their own legal fees.

This is not just a retail space but a fully established, well-maintained shop in a thriving location with excellent growth potential. Whether you're expanding your current business or starting something new, this is an opportunity you don't want to miss.

Act now to secure this prime location and start your journey to success!

Contact Sabbi Bains or Sam Bains