|Commercial Property in Luton and Dunstable
- Offices, Industrial, Retail & Warehousing -
Units 12 & 14A Progress Park, Ribocon Way, Luton,
UNITS 12 & 14A PROGRESS PARK
|B1 Business Units To Let / For Sale on Long Leasehold Tenure |
2495 - 4990
SQ FT (
231.8 - 463.6 M2)
|Tenure:||TO LET / FOR SALE|
|UNITS 12 & 14A PROGRESS PARK
2,495 sq ft (231.8m2) to 4,990 sq ft (463.6m2)
TO LET / FOR SALE ON LONG LEASEHOLD TENURE
The properties are located on an established commercial development on the north western outskirts of Luton. The properties are ideally situated for easy access to the recently opened junction 11a of the M1 Motorway, which is approximately 1.5 km distant.
The properties comprise 2 adjoining business premises of portal frame construction with a glazed front elevation. The premises are currently inter communicating and are fitted at ground & first floor level to provide office accommodation.
Each building is equipped with a sectional up and over loading door of 3.6m (h) x 3m (w). Each building has its own independent services, and each is equipped with its own gas fired central heating system, 3 phase electricity, WC’s and kitchenette facilities.
Externally there are 3 car parking spaces fronting each building. In addition, there is extra car parking adjacent to Unit 12 which could be made available on a temporary basis at an extra cost if required.
The premises are available to rent either individually or in combination on a new full repairing & insuring lease(s) for a term to be agreed, at a rental of £20,000.00 per annum exclusive per unit.
Alternatively, the long ground lease interest in both buildings can be purchased at the asking price of £400,000.00. The long lease contains provision for ground rent reviews at each fifth year and the ground rent currently payable per unit is £2,200.00.
We are advised that VAT is not applicable in this instance.
Units 12 & 14a Progress Park are currently rated as one single entity having a current rateable value of £37,000.00 with effect from 1st April 2017.
The service charge for each building is currently £300.00 per annum plus VAT.
The ingoing tenant is to be responsible for payment of the Landlords legal costs.
By appointment via sole agent: -
DUNCAN WELCH &COMPANY
01582 - 725302
Misrepresentation Act: The contents of this web-site, and the descriptions contained therein, do not form part of any legal contract and whilst every effort has been taken to ensure accuracy, we are unable to accept any loss arising from reliance solely on the part of this web-site as it is designed purely as a guide