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<br>Dallow Road<br>Luton<br>Bedfordshire<br>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)
  • Lot
    13
  • Auction
    15th December 2022
  • Vacant Possession
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Live Streamed Auction
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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.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP Exchange Tower, 19 Canning Street
Edinburgh
EH3 8EH
Nicola Winchester 0131 222 9845Nicola.winchester@addleshawgoddard.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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