6a Dunstable Road, Luton, LU1 1DX

A ground floor single storey mid-terrace retail investment located on Dunstable Road, one of Luton's main thoroughfares. The property benefits from prominent frontage facing on to Dunstable Road. The unit is currently let to a renowned local hairdressers for a term of 8 years commecning from the 1st June 2021 with a passing rent of £11,400 per annum. There are coterminous rent reviews and break clauses in every third year of the term and on the 31st of May 2029.

( Agency Pilot Software ref: 26895 )

Location

• Located on Luton's most prominent thoroughfare with double retailing frontage.
• The property is within a short walk from the The Mall and Luton Galaxy, with nearby occupiers including Nando's, Costa, T K Maxx, Primark, and many other national retailers.
• Luton's mainline railway station is within walking distance, with a direct link to London St Pancras in approximately 30 minutes.
• J10 of the M1 Motorway is within 1.8 miles (2.83 km)

Accommodation

31.59 Sq M (340 Sq Ft)

Terms

The premises are to be sold as an investment at a freehold price of £135,000 exclusive, reflecting a 8.44% gross yield.

Business Rates: The rateable value is £8,200.

EPC: D - 95

Specification

• Retail investment let to a renowned local hairdressers
• Prominent double retail frontage facing on to Dunstable Road
• Current tenant has occupied the property for a number of years
• Opportunity to achieve a rental uplift at next review