370a Hitchin Road
Bedfordshire, LU2 7SR
The detached, brick built property benefits from an allocated car space and forecourt/garden area. The tenant operates as a children’s day care nursery.
Astro turf/paved, gated forecourt.
The premises are leased from 2016 for a term of 5 years, expiring 2021. The lease is a Law Society Lease. There was a break option (at early 2019) in the tenant’s favour which was not exercised. The tenant has paid a deposit of £2,700.00. The passing rent is £9,000.00 per annum exclusive. We are unaware if the lease is 1954 Act protected or not.
The tenant has indicated a desire to remain in situ upon a new lease possibly for 5 years at £9,000.00 per annum exclusive.
In addition the freehold includes the veterinary practice ground rent investment, along with upper part and 10 space car park adjacent (all sold off on a ground lease interest).
The first floor flat is held upon a 999 year ground lease from approximately 2010 with a peppercorn rental.
The property lies to the rear of Vets 4 Pets, Hitchin Road, Luton, within the Round Green area, a short distance from the town centre.
The freehold is available for £125,000.00.
Rateable Value: -
We have verbally been informed by Luton Borough Council that the rateable value is £3,850.00.
Small Business Rate Relief: Subject to certain conditions, you will not pay Business Rates on a property with a Rateable Value of £12,000.00 or less.
Legal Costs: -
Each party to bear their own legal costs incurred.
We are informed V.A.T. is applicable.
For further information or an appointment to view, kindly contact sole selling agents S R Wood & Son Ltd. Tel. 01582 401 221.
|Size (sq ft)||379|
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