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Reference M5182
Large plot (lapsed planning permission to convert to 4 flats) end of terrace property, main road trading position, residential area, BEDFORDSHIRE LUTON
Price £500,000
Features
Commercial / Residential Investment / Empty Premises / Development Opportunity
Forecourt parking to front for 4 cars
Ground floor shop A1 use - PREMISES 400.ft² (38M²) Hard wood floor, plasterboard ceiling with tube lights.
Store Room
Toilet with wash hand basin
Kitchen area to rear
This area presently let on a rental agreement to a CBD retailer (60 day notice required for vacant possession) providing an income of £500 per calendar month.
Turnover
RENTAL INCOME AT PRESENT £12,000 p.a.
Accommodation
Entrance to MAISONETTE via door to the right of the shop with GAS FIRED HEATING, comprising:
Ground floor -
Fitted kitchen
Stairs to..
Living Room
Fitted bathroom with bath, sink and toilet
Bedroom
Stairs to . . .
Double bedroom
Also situated on the ground floor is a SELF CONTAINED GROUND FLOOR STUDIO APARTMENT with ELECTRIC HEATING, comprising:
Separate bathroom with bath, sink, toilet and walk in shower
Presently let on shorthold tenancy & providing a rent of £500 per calendar month
Outside
Large versatile plot. (Lapsed planning permission to convert to 4 1-bedroom flats, with front & side access, offering tremendous development potential).
Tenure
FREEHOLD
Price
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY £500,000+ subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Finance
Subject to status, you maybe able to borrow up to £ 350,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
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