59 George Street
Luton
Bedfordshire
LU1 2AL

Freehold Retail Investment

  • 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
    16/Jun/2021
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £360,000 - £400,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 59 George Street<br>Luton<br>Bedfordshire<br>LU1 2AL
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  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent 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)
£30,00006/07/2026
(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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    08.06.21
    File Size
    20 MB
    Login to View
  • Site Plan
    Updated Date
    27.05.21
    File Size
    760 KB
    View PDF
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    1,002 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Hanne & Co 21A Johns Chamber
London
SW11 1TN
Tom Mythen 020 7228 0017tom@hanne.co.uk

Useful Links

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