Let on a 15 year lease until 2033 (subject to option)
Prime pedestrianised location directly opposite Primark and an entrance to The Mall Shopping Centre
Neighbouring occupiers include Primark, Santander, Specsavers, HSBC, Lloyds Bank and McDonald's
Lot 28
Auction 16th June 2021
Rent £30,000 per Annum Exclusive
Status Sold
Price £522,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
35 miles north of Central London,
22 miles south-east of Milton Keynes,
43 miles east of Oxford
Roads
M1, A5, A6
Rail
Luton Railway Station,
Luton Airport Parkway Railway Station
Air
London Luton Airport
Situation
The property is prominently situated in a prime location in Luton Town Centre on the south side of the busy and pedestrianised George Street, approximately 400 metres from Luton Railway station. The property lies directly opposite Primark and an entrance to The Mall Shopping Centre which houses retailers such as Boots, Costa Coffee, Greggs, Holland & Barrett, Tesco, KFC and LUSH. Other neighbouring occupiers include Primark, Santander, Specsavers, HSBC, Lloyds Bank and McDonald's.
Tenure
Freehold.
Location
Miles
35 miles north of Central London,
22 miles south-east of Milton Keynes,
43 miles east of Oxford
Roads
M1, A5, A6
Rail
Luton Railway Station,
Luton Airport Parkway Railway Station
Air
London Luton Airport
Situation
The property is prominently situated in a prime location in Luton Town Centre on the south side of the busy and pedestrianised George Street, approximately 400 metres from Luton Railway station. The property lies directly opposite Primark and an entrance to The Mall Shopping Centre which houses retailers such as Boots, Costa Coffee, Greggs, Holland & Barrett, Tesco, KFC and LUSH. Other neighbouring occupiers include Primark, Santander, Specsavers, HSBC, Lloyds Bank and McDonald's.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal pack.
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/ (Reversion)
Ground Basement
Retail Ancillary
141.39 sq m 85.39 sq m
(1,521 sq ft) (919 sq ft)
GERMAN DONER KEBAB (GDK)
15 years from 06/07/2018 on a full repairing an insuring lease (1)
£30,000
06/07/2026 (05/07/2033)
Total
226.78 sq m
(2,440 sq ft)
£30,000
(1) The lease provides for a tenant option to determine on 06/07/2023 and 06/07/2028
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
