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11 Nursery Parade

Luton

Ref: 6649

11 Nursery Parade
Marsh Road
Luton
Bedfordshire, LU3 2QP

The premises comprise: Mid terraced. Pavement lined. Ground floor banking hall and ancillary offices. First and second floor ancillary office/stores. Gross frontage 20’. Internal width 18’ 11”. Banking hall depth 45’ 11”. Built depth 88’ 11”. The first and second floor could subject to any necessary consents be converted to residential, as much of the remainder of the ter . . .

The premises comprise:
Mid terraced.
Pavement lined.
Ground floor banking hall and ancillary offices.
First and second floor ancillary office/stores.
Gross frontage 20’.
Internal width 18’ 11”.
Banking hall depth 45’ 11”.
Built depth 88’ 11”.

The first and second floor could subject to any necessary consents be converted to residential, as much of the remainder of the terrace of premises have done.

Location: -

Nursery Parade forms the busiest part of this Marsh Road retail suburb, being close to Leagrave train station (Luton North) and the new M1, Junction 11a.

Terms: -

Single lease upon the whole premises for a term of 5 years from 29 January 2016 and 1954 Act protected. Rent fixed for the 5 years at £24,500.00 per annum exclusive, an increase from the former rent of £18,000.00 per annum exclusive. No break option. Negotiations are under way with the tenants surveyor to renew the lease again.

The freehold is available at offers in the region of £550,000.00.

Rateable Value: -

We have verbally been informed by Luton Borough Council that the rateable value is £18,000.00.

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 sole selling agents S R Wood & Son Ltd. Tel. 01582 401 221.

Read More

Use Investment
Availability For sale
Sale price £550000
Annual rental -
Size (sq ft) 1086
Features

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