£550,000
7,211 sq ft
293-295 Luton Rd, Dunstable, LU5 4LR

Description

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 1960’s, 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:

GROUND FLOOR

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 £550,000.00 are invited for the freehold interest.

VAT is applicable to the purchase price.

Strictly by prior appointment only. For further Information, please contact:

Location

Additional Details

Features

Agent

Maria

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Terms & Conditions

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

Contact Us

Duncan Welch & Co, Peterson House, 2a Tennyson Road, LUTON, Beds LU1 3RT

01582 725 302

info@duncan-welch.co.uk