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1 Upper George Street

Luton

Ref: 6538

1 Upper George Street
Luton
Bedfordshire, LU1 2QX

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

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

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