Commercial & Residential Investment Property in Luton For Sale

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