48 Alma Street, Luton, Luton, LU1 2PL

Description:

This mixed-use property is of brick construction with a pitched tiled roof and there is a single storey extension to the rear. The ground floor is formed of commercial accommodation, currently let to a food and beverage occupier. There is a sales/seating area to the front, with a commercial kitchen to the rear. The upper two floors form residential accommodation and are let to a separate tenant.

The property is fully let and therefore income producing. The passing rents are as follows:
•Commercial = £8,496 per annum exclusive
•Residential = £10,800 per annum
•Total Income = £19,296 per annum

Location:

The end of terrace property is located on Alma Street, within Luton town centre. The surrounding area consists of a mixture of residential and commercial premises. Furthermore, the below are within proximity.

•Luton Mainline Train Station = 9 minute walk
•Bedfordshire University = 14 minute walk
•London Luton Airport = 13 minute drive
•Luton & Dunstable Hospital = 15 minute drive

Terms:

The property is available to purchase upon a freehold basis for £305,000. The sale of the property is subject to both the commercial and residential tenancies.

Rateable Value:

The Rateable Value of this property is £5,400 (please note that this is not the rate to pay)

Legal Costs:

Each party to bear their own legal costs incurred.

VAT:

Plus V.A.T. at the appropriate rate if applicable.