Property photos
Auction
From
£200,000
Property for sale
Alma Street, Luton LU1Local area information
Property location
Nearby amenities
- Luton Pentecostal Church Christian Academy 0.3 miles
- Luton 0.3 miles
- Bury Park Educational Institute (Al - Hikmah Secondary School) 0.4 miles
- Luton Airport Parkway 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Luton to find out more about the local area.
Features and description
- High Yielding Investment
- Mixed Use Retail/Residential
- Town Centre Location
- Development Potential (subject to planning)
- Fully Let - Producing £19,296 per annum
- Rent Reflects 9.6% giy on Guide Price
- No VAT
Strapline
Auction Sale - 18/07/2023
High Yielding Mixed Use Investment Opportunity
Fully Let Retail/Residential Investment Producing £19,296 per annum
Description
The property comprises an end terrace property arranged across ground, first and second floors.
The ground floor is arranged as a single retail unit let to a cafe, whilst the upper parts are arranged as a single residential unit let to a private individual.
The property enjoys a prominent frontage to Alma Street, an established retail/residential street.
Location
The property is located at the periphery of Luton Town Centre and is well located for all local amenities. The Galaxy retail/leisure centre is 0.1 miles to the north whilst the Mall Shopping Centre is 0.2 miles to the east.
Tenancy
The ground floor retail is let on a lease at a rent of £8,496 per annum (£708 pcm)
The residential upper parts are let on an AST producing £10,800 per annum (£900 pcm)
Planning
The property could be suitable for extension/development (subject to obtaining the requisite consents). This would likely include first and second floor extension to the rear and may allow for provision of two residential units to the upper parts.
Auction Sale - 18/07/2023
High Yielding Mixed Use Investment Opportunity
Fully Let Retail/Residential Investment Producing £19,296 per annum
Description
The property comprises an end terrace property arranged across ground, first and second floors.
The ground floor is arranged as a single retail unit let to a cafe, whilst the upper parts are arranged as a single residential unit let to a private individual.
The property enjoys a prominent frontage to Alma Street, an established retail/residential street.
Location
The property is located at the periphery of Luton Town Centre and is well located for all local amenities. The Galaxy retail/leisure centre is 0.1 miles to the north whilst the Mall Shopping Centre is 0.2 miles to the east.
Tenancy
The ground floor retail is let on a lease at a rent of £8,496 per annum (£708 pcm)
The residential upper parts are let on an AST producing £10,800 per annum (£900 pcm)
Planning
The property could be suitable for extension/development (subject to obtaining the requisite consents). This would likely include first and second floor extension to the rear and may allow for provision of two residential units to the upper parts.
More information
Listed by
Savills - National Auctions
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Savills - National Auctions. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Savills - National Auctions for full details and further information.