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London Properties are pleased to offer to the market this freehold shop unit with 3 bedroom duplex upper parts

Luton, Bedfordshire
Asking Price:
Advert ID
Wellingtonfreehold / Rightbiz

LOCATION:This commercial property very close to Luton town Centre, Luton Train Station, local amenities, and ONLY minutes away from J10 of the M1. Luton has regular rail services to London and the Midlands and offers a choice of three separate railway stations being Luton Parkway Airport, Luton and Leagrave.

DESCRIPTION:Single fronted with full gas fired central heating & quality tiled floor, attractive wood strips to walls, ceiling with wood strips, wall & ceiling lighting. Tables & chairs providing seating for 30 persons. Open plan kitchen with tiled floor, stainless steel cladding to walls, stainless steel extractor, gas griddle, double deep fryer, upright deep freezer, walk in cold room, sink, etc. Customers’ cloakroom with WC. & wash hand basin. Basement - ideal for storage purposes


PREMIUM:£49,250 for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL:£12,000 per annum shop only

TERMS:The vendor owns the freehold and, subject to satisfactory references, is prepared to grant a new 15 years’ full repairing and insuring lease

TENURE:Freehold £495,000

BUSINESS RATES:Uniform business rates: £600 p.a. approx. (after small business relief). Nil payable after small business relief. All interested parties are encouraged to make their own enquiries with local authority

SIZE:Shop unit 473 sq ft & Flat 710 sq ft

OPENING HOURS:Monday - Thursday inclusive - 12 noon - 10 p.m. - Friday & Saturday - 12 noon - 11 p.m. -Sunday opening - 1 p.m. - 10 p.m

STAFF:Staff employed: 1 full time chef plus 1 part time kitchen help plus 2 part time

UPPER PARTS:Above there is a 3- bedroom duplex flat, given the right opportunity could be converted into a 1 bedroom and 2 bedrooms flat to exercise more income. currently receiving a rent of £1,100 per calendar month.

TURNOVER:Current turnover in excess of £182,000 per annum approximately. Great opportunity to increase sales with longer opening hours

LEGAL COST:To be confirmed


ENERGY PERFORMANCE CERTIFICATE:Shop Unit Energy Performance Asset Rating is 54- C Rating. C copy of this property’s energy performance certificate is available on request. Upper Parts Energy Performance Asset Rating is 52- E Rating. C copy of this property’s energy performance certificate is available on request.

REFERENCE CHARGE:London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non- refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT:A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

AGENT NOTE:London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS:Through London Properties by appointment only

Listing Details
Asking Price: £495,000
Location: Luton, Bedfordshire
Sector: Commercial Properties
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Advert Reference: Wellingtonfreehold / Rightbiz

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