SOLD

TypeRetail Investments

LU1 6a Dunstable Road, Luton

TenureFor sale

6a Dunstable Road, Luton, LU1 1/4

Specification

Building size
Building size 31.59 sqm
Property type
Property type Retail Investments
Tenure
Tenure For sale

Description

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.

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

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).

Amenities

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

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