Land East of Aldi and B&Q at Laporte Retail Park Dallow Road Luton Bedfordshire LU1 1HL
Land East of Aldi and B&Q at Laporte Retail Park Dallow Road Luton Bedfordshire LU1 1HL
Substantial Vacant Site with Recent Planning Permission for 3,159 sq m (34,000 sq ft) B8 Trade Counter/ Industrial Warehouse
Total site area of 1.40 hectares (3.46 acres) gross
Full planning permission for the erection of B8 (industrial warehouse) together with associated access, car parking, external areas, yards and associated engineering works
Heads of Terms agreed with Selco Trade Centre Ltd based on new 15 year lease and tenant only break option at year 10, at a commencing rent of £517,000 per annum. Draft Agreement for Lease and Lease in circulation between the parties. Selco verbally indicated a higher rent of £600,000 per annum - ongoing negotiations to be left open for a purchaser, if they desire, after completion of the Sale.
Nearby occupiers include Aldi, B&Q, Lidl, Dreams, DFS and SCS
Located on Laporte Retail Park, between Hatters Way Retail Park & M1 Motorway (1.5 miles)
Substantial Vacant Site with Recent Planning Permission for 3,159 sq m (34,000 sq ft) B8 Trade Counter/ Industrial Warehouse
Total site area of 1.40 hectares (3.46 acres) gross
Full planning permission for the erection of B8 (industrial warehouse) together with associated access, car parking, external areas, yards and associated engineering works
Heads of Terms agreed with Selco Trade Centre Ltd based on new 15 year lease and tenant only break option at year 10, at a commencing rent of £517,000 per annum. Draft Agreement for Lease and Lease in circulation between the parties. Selco verbally indicated a higher rent of £600,000 per annum - ongoing negotiations to be left open for a purchaser, if they desire, after completion of the Sale.
Nearby occupiers include Aldi, B&Q, Lidl, Dreams, DFS and SCS
Located on Laporte Retail Park, between Hatters Way Retail Park & M1 Motorway (1.5 miles)
Lot 13
Auction 15th December 2022
Vacant Possession
Status Sold Post
Price
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
18 miles south of Bedford, 19 miles south-east of Milton Keynes and 29 miles north of Central London
Roads
A6, A505, M1 (J11)
Rail
Luton Railway Station
Air
London Luton Airport (3 miles)
Situation
The property is situated on Dallow Road and close to Hatters Way in a mixed-use area on Laporte Retail Park & close to Hatters Way Retail Park. Nearby occupiers include Aldi, B&Q, Lidl, Dreams, DFS & SCS.
Tenure
Freehold.
Location
Miles
18 miles south of Bedford, 19 miles south-east of Milton Keynes and 29 miles north of Central London
Roads
A6, A505, M1 (J11)
Rail
Luton Railway Station
Air
London Luton Airport (3 miles)
Situation
The property is situated on Dallow Road and close to Hatters Way in a mixed-use area on Laporte Retail Park & close to Hatters Way Retail Park. Nearby occupiers include Aldi, B&Q, Lidl, Dreams, DFS & SCS.
Tenure
Freehold.
Description
The property comprises a development site with a site area of approximately 1.40 hectares (3.46 acres) gross.
VAT
VAT is applicable to this lot.
Planning
Full planning permission was granted on 8th November 2022 for the erection of a commercial unit comprising 3,159 sq m (34,000 sq ft) of B8 (warehouse) together with associated access, car parking, external areas, yards and associated engineering works. Application number: 22/00141/FUL. All enquiries should be made to Luton Borough Council (www.luton.gov.uk - t: 01582 546 000)
Completion Period
8 week completion - please see Special Conditions of Sale.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a development site with a site area of approximately 1.40 hectares (3.46 acres) gross.
VAT
VAT is applicable to this lot.
Planning
Full planning permission was granted on 8th November 2022 for the erection of a commercial unit comprising 3,159 sq m (34,000 sq ft) of B8 (warehouse) together with associated access, car parking, external areas, yards and associated engineering works. Application number: 22/00141/FUL. All enquiries should be made to Luton Borough Council (www.luton.gov.uk - t: 01582 546 000)
Completion Period
8 week completion - please see Special Conditions of Sale.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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.
