33-39 Manchester Street, Luton, Investment, For Sale

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Mixed Use Investment

Property Type	Investment
Tenure	For Sale
Size	5,380 sq ft
Price	£1,200,000
Business Rates	Upon Enquiry
Service Charge	n/a
Energy Performance Rating	This property has been graded as C (75)

Prime Retail / Residential Investment

Ground Floor Restaurant & 6 Flats

Freehold For Sale

Key Features

Prime Freehold Retail/Residential Investment
Ground Floor Restaurant & 6 Flats
Fully Tenanted & Income Producing
Total Income:£95,700 pax
Prime Location Within Luton Town Centre
5,380 Sqft (500 Sqm)
4x1 Bed Flats & 2x2 Bed Flats

Description

Comprises a ground floor restaurant together with 6 self contained flats arranged on the first and second floors split up to provide 4x1 beds and 2x2 beds with independent street access. The entire property is fully Let and income producing.

Available area

The accommodation comprises the following areas:

Name	sq ft	sq m	Availability
Ground - Restaurant	1,753	162.86	Available
1st - 1x2 Bed, 2x1 Bed Flats	1,680	156.08	Available
2nd - 2x1 Bed, 1x2 Bed Flats	1,948	180.98	Available
Total	5,381	499.92

Location

The property is located in a prime position on the North - West side of Manchester Street, close to the junctions of Alma Street and Gordon Street being in the heart of Luton Town Shopping Centre amongst many well known multiple and local retailers, bars and restaurants. Immediately opposite is the Galaxy leisure complex which includes Cineworld, The Gym Group, Tenpin Bowling & White House Wetherspoon and Luton Point shopping centre which includes TK Max department store. Transport facilitates are good with Luton Overground station being within a few minutes walk which goes directly into St Pancreas International Station (30 mins) Luton airport is within a 10 minute drive.

Identification

In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful tenant.

Viewings

Strictly by appointment through owner’s SOLE agents as above.

Residential

The 6 flats are all Let on separate AST agreements at a combined rent of £72,700 per annum.

Freehold Price

The building is being sold Freehold with a Land Registry Title Number (BD44453)
£1,200,000 plus Vat

Ground Floor Restaurant

The ground floor is Let to Mohammed Saghir on a proportional Full Repairing & Insuring Lease for a term of 10 years from 20th December 2018 without further rent review at a rent of £23,000 pax

Total Rental Income

£95,700.00 plus Vat

33-39 Manchester Street, Luton, LU1 2QG

Prime Retail / Residential Investment

Ground Floor Restaurant & 6 Flats

Freehold For Sale

Key Features

Description

Available area

Location

Identification

Viewings

Residential

Freehold Price

Ground Floor Restaurant

Total Rental Income

Related Links

Available Media

Viewings & Further Information

Paul Stone

Share via…

33-39 Manchester Street, Luton, LU1 2QG

Prime Retail / Residential Investment Ground Floor Restaurant & 6 Flats Freehold For Sale

Key Features

Description

Available area

Location

Identification

Viewings

Residential

Freehold Price

Ground Floor Restaurant

Total Rental Income

Related Links

Available Media

Viewings & Further Information

Paul Stone

Share via…

Enquire Now

Contact one of our agents by phone or complete the form below

Request File

Prime Retail / Residential Investment

Ground Floor Restaurant & 6 Flats

Freehold For Sale