Freehold Retail Investment
Freehold Retail Investment
The property is prominently situated in a prime location in Luton Town Centre on the south side of the busy and pedestrianised George Street, approximately 400 metres from Luton Railway station. The property lies directly opposite Primark and an entrance to The Mall Shopping Centre which houses retailers such as Boots, Costa Coffee, Greggs, Holland & Barrett, Tesco, KFC and LUSH. Other neighbouring occupiers include Primark, Santander, Specsavers, HSBC, Lloyds Bank and McDonald's.
Freehold.
The property is prominently situated in a prime location in Luton Town Centre on the south side of the busy and pedestrianised George Street, approximately 400 metres from Luton Railway station. The property lies directly opposite Primark and an entrance to The Mall Shopping Centre which houses retailers such as Boots, Costa Coffee, Greggs, Holland & Barrett, Tesco, KFC and LUSH. Other neighbouring occupiers include Primark, Santander, Specsavers, HSBC, Lloyds Bank and McDonald's.
Freehold.
The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement.
VAT is not applicable to this lot.
Six Week Completion
See Legal pack.
The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement.
VAT is not applicable to this lot.
Six Week Completion
See Legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x. | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground Basement |
Retail Ancillary |
141.39 sq m 85.39 sq m |
(1,521 sq ft) (919 sq ft) |
GERMAN DONER KEBAB (GDK) |
15 years from 06/07/2018 on a full repairing an insuring lease (1) |
£30,000 | 06/07/2026 (05/07/2033) |
| Total |
226.78 sq m |
(2,440 sq ft) |
£30,000 | ||||
(1) The lease provides for a tenant option to determine on 06/07/2023 and 06/07/2028
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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