1 Upper George Street

Luton

Ref: 6538

PROPERTY

1 Upper George Street
Luton
Bedfordshire, LU1 2QX

DETAILS

The property benefits: Sales area 1,216.10 sq ft/113.02 sq m. Vacant stores/office to the rear. 3 apartments at first floor level. Private parking to the side for circa 3 vehicles. The apartments are sub-let and achieve an annual rent of circa £23,000.00. Accordingly the headline rent is effectively reduced to approximately £19,000.00 per annum. Location: - The property is loc . . .

The property benefits:

Sales area 1,216.10 sq ft/113.02 sq m.
Vacant stores/office to the rear.
3 apartments at first floor level.
Private parking to the side for circa 3 vehicles.

The apartments are sub-let and achieve an annual rent of circa £23,000.00. Accordingly the headline rent is effectively reduced to approximately £19,000.00 per annum.

Location: -

The property is located within the centre of Luton, opposite the Town Hall, and was formerly known as The Duke of Clarence Public House.

Terms: -

The lease is dated 03 February 2017 and is granted for a 20 year term. The lease states the property is to be used for retail purposes. The passing rent is £42,000.00 per annum exclusive (6 months as deposit). Rent reviews every 5th year.

Rateable Value: -

We have verbally been informed by Luton Borough Council that the rateable value is £33,250.00.

Legal Costs: -

Each party to bear their own legal costs incurred.

VAT: -

Plus VAT at the appropriate rate if applicable.

Viewing: -

For further information or an appointment to view, kindly contact general agents S R Wood & Son Ltd. Tel. 01582 401 221.

Read More

STATS

Use Retail premises
Availability To let
Sale price -
Annual rental £42000
Size (sq ft) 1216
Features Off-street parking

DOCUMENTS

No PDF documents for this property

Please send enquiry for more information.

PHOTOS and MAPS

Google Map

Street View

SEND ENQUIRY

for 1 Upper George Street

All details are supplied by individual contributing account holders. All data and information should be checked and verified before any reliance is put upon it.  Due diligence should always be carried out and advice sort from appropriate professionals before entering into any contract.   © 2020 - OneClickProperty.com

Edit Property

Not Logged in to see form