|Commercial Property in Luton and Dunstable
- Offices, Industrial, Retail & Warehousing -
293-295 Luton Rd, Dunstable, LU5 4LR
293-295 LUTON ROAD
|Income Producing Investment Property |
7211 + YARD
SQ FT (
669.91 + YARD M2)
|Tenure:||FREEHOLD FOR SALE|
|293/295 LUTON ROAD
INCOME PRODUCING INVESTMENT PROPERTY
(POSSIBLE FUTURE REDEVELOPMENT POTENTIAL)
SUBJECT TO PLANNING
FOR SALE FREEHOLD
The property is situated on Luton Road, Dunstable (A505) close to the Luton/Dunstable border.
The premises occupy a prominent corner site at the junction with Allenby Avenue. A Tesco Superstore is located close by and junction 11 of the M1 Motorway is approximately 1.5 miles (2.41km) distant.
The premises comprise a detached two storey building probably constructed in the 1960ís, comprising a showroom and storage on the ground floor with office accommodation on the first floor. Externally the building is fronted by a forecourt providing vehicle parking. At the rear, there is enclosed yard space and three lock up garages.
The site has an approximate frontage to Luton Road of 13m, with an approximate depth of 22m. The built areas are approximately:
Showroom & Stores = 451.32m2
Ground Floor Offices = 43.49m2
First Floor Offices = 175.10m2
TOTAL = 669.91m2
The principle tenant is Brandon Hire Ltd with the offices being let to a variety of tenants. See Tenancy Schedule attached. The total current rental income is £46,526 pax.
Offers in excess of £500,000.00 are invited for the freehold interest.
VAT is applicable to the purchase price.
Strictly by prior appointment only. For further Information, please contact:
DUNCAN WELCH & COMPANY
01582 - 725302
-INCOME PRODUCING INVESTMENT PROPERTY
-POSSIBLE FUTURE REDEVELOPMENT POTENTIAL
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