Leagrave Road, Luton, Bedfordshire, LU4
- PROPERTY TYPE
Commercial Property
- BEDROOMS
2
- BATHROOMS
3
- SIZE
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Key features
- Commerical Property
- 2x One Bedroom Flats
- Fitted Kitchen
- Gas Central Heating
- Freehold Property
- 1x Studio Flat
- 2x Storage Units
- Ground Floor Retail Unit
- Popular Bury Park Area
Description
The ground floor retail unit measures 7.4m x 12.2m and comprises 90 sq. meter (approx.) and double-glazed windows to the property's front elevation. The property also benefits from a utility room and storage space to the rear of the property.
The ground floor studio flat comprises a living space, a fitted kitchen and shower room. The first floor one bedroom flats comprises a Kitchen/Diner, lounge, shower room and a double bedroom. The property also benefits from communal space and two storage units to the rear of the property.
The retail unit is currently tenanted with periodic lease and sees a rental income of £30,000 per annum. The studio flat is achieves a rental income of £750 per calendar month (£9,000 per annum). The first floor flats achieve a rental income of £850 per calendar month each, (totals £20,400). This gives a total income circa £59,400 per annum. The commercial lease and rents also has a rent review every years with the next review due later in 2025, giving an opportunity to increase the total rental income of the property. There's two storage units currently empty which can achieve an approximate £500 per calendar month (£6,000 per annum).
If fully tenanted, the property is likely to give a investment yield approximately of 7% however it has potential to be increased if further developed upon.
Contact us for more information and to arrange a viewing on .
Leagrave Road, Luton, Bedfordshire, LU4
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Luton Station0.9 miles
- Leagrave Station1.6 miles
- Luton Parkway Station1.9 miles
About the agent
Promptmove, Luton
243B Dunstable Road, Luton, LU4 8BW
Promptmove is a family-run business which was founded to make the process of sales and letting it simpler and more affordable for today's homeowners and landlords.
Established in 2004, Promptmove are Luton's experienced, family run estate and letting agent and we make sure to represent the best qualities of a reputable family business: Strong performance as a result of consistent, high quality service.
Our core values are honesty, accountability, and a passionate dedication to ma
Industry affiliations
Notes
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