Charlottes Court & Prudence Place
London Luton Airport
Bedfordshire, LU2 9PE
For circa 30 years the premises were rented to a variety of office occupiers and uniquely have a very good level of on-site car parking for the location, there being circa 35 car spaces.
Recently consent was obtained to demolish both premises and construct a new 92 room hotel. This planning consent has expired but it is felt could be obtained once again. Luton Borough Council Application No. 18/00062/FULL dated 23.07.18).
More recently planning consent was obtained to convert both buildings (plus an extra floor on Charlotte’s Court) to provide 13 x 1 bed, 6 x 2 bed (Planning Ref. 20/00020/COM and 19/01678/COM) and second floor extension providing 2 x 2 bed flats plus balconies (Planning Ref. 20/01401/FULL dated 17.02.20).
Charlotte’s Court provides circa 3,631 sq ft/337 sq m.
Prudence Place provides circa 6,441 sq ft/598 sq m.
Our clients have already commenced a ‘soft’ strip out of Prudence Place in readiness of potential residential conversion.
In addition to the above office/hotel/residential potential, it is felt the premises may be suitable for alternate uses, to include place of worship, education, fast food drive through, factory/warehouse etc, subject to planning permission.
Charlotte’s Court and Prudence Place are both privately owned, detached, self contained office premises located within the confines of London Luton Airport, only a short 10 minute walk to the terminal building, and have been in the same family ownership for circa 30 years.
The freehold is available in the sum of £2,100,000. Our client may consider a delayed completion.
Note: Adjacent to the existing car park is a further parcel of land owned by Luton Borough Council and leased by our clients for a term of 10 years. The lease is 1954 Act protected.
Rateable Value: -
The Rateable Value for Charlotte’s Court is £38,000 and for Prudence Place £43,250 (please note that this is not rates payable).
Legal Costs: -
Each party to bear their own legal costs incurred.
Plus V.A.T. at the appropriate rate if applicable.
For further information or an appointment to view, kindly contact sole selling agents S. R. Wood & Son Ltd. Tel. 01582 401 221.
|Use||Investment, Office, Plot (building), Residential development|
|Size (sq ft)||10000|
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