Tesco and Flats, 58 to 60 Calverton Road Limbury Mead Luton Bedfordshire LU3 2SZ

Tesco and Flats, 58 to 60 Calverton Road
Limbury Mead
Luton
Bedfordshire
LU3 2SZ

Freehold Convenience Store and Residential Investment

Retail Let to Tesco Stores Limited on a new 15 year lease until 2039 (Subject to Option)
Situated in popular neighbourhood precinct
Includes income Producing Residential Maisonette
Adjacent to Primary School

Lot
24
Auction
26th March 2026
Rent
£87,030 per Annum Exclusive
Status
Available
Guide*
£1,200,000 - £1,250,000
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Freehold Convenience Store and Residential Investment

Retail Let to Tesco Stores Limited on a new 15 year lease until 2039 (Subject to Option)
Situated in popular neighbourhood precinct
Includes income Producing Residential Maisonette
Adjacent to Primary School

Lot 24
Auction 26th March 2026
Rent £87,030 per Annum Exclusive
Status Available
Guide* £1,200,000 - £1,250,000
Sector
Supermarket/Convenience, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2 miles north of Luton City Centre, 30 miles north of Central London, 15 miles southeast of Milton Keynes, 35 miles east of Oxford
Roads: A5, A6, M1
Rail: Leagrave Railway Station, Luton Railway Station
Air: London Luton Airport

Situation

The property forms part of an busy, established local shopping precinct, 2 miles north of Luton City Centre. The immediate surroundings are predominantly residential with numerous neighbouring local retailers. The precinct has an eclectic mix of local occupiers trading as a Pharmacy, Post Office, Barber Shop, Butchers, Off Licence and Restaurant.

Tenure

Freehold.

Location

Miles: 2 miles north of Luton City Centre, 30 miles north of Central London, 15 miles southeast of Milton Keynes, 35 miles east of Oxford
Roads: A5, A6, M1
Rail: Leagrave Railway Station, Luton Railway Station
Air: London Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial ground floor supermarket and four self-contained maisonettes on the first and second floors separately accessed to the rear of the property. The property also benefits from the use of a service road to the rear for unloading and public car parking at the forefront with approximately 80 spaces.

VAT

VAT is applicable to this lot.

EPC

Flat 82: D, Flat 84: D, Flat 88: C and Tesco: D

Description

VAT

VAT is applicable to this lot.

EPC

Flat 82: D, Flat 84: D, Flat 88: C and Tesco: D

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
58-60 Calverton Road	Ground	Supermarket	559.10	(6,018)	TESCO STORES LIMITED (CRN: 00519500) (2)	15 years from 27/08/2024	£75,000	27/08/2029, 27/08/2034 (3) (26/08/2039)
84 Calverton Road	First Second	Maisonette Maisonette	Not measured Not measured	(-) (-)	AN INDIVIDUAL	Let on an Assured Shorthold Tenancy	£12,000 (4)	-
82 Calverton Road	First Second	Residential Residential	Not measured Not measured	(-) (-)	AN INDIVIDUAL	250 years from 27/10/1985	£30	(26/10/2235)
86 Calverton Road	First Second	Residential Residential	Not measured Not measured	(-) (-)	AN INDIVIDUAL	250 years from 16/12/1985	£30	(15/12/2235)
88 Calverton Road	First Second	Residential Residential	Not measured Not measured	(-) (-)	AN INDIVIDUAL	125 years from 07/05/1981	£30	(06/06/2106)
Total Approximate Commercial Floor Areas			559.10	(6,018)			£87,090

(1) The commercial floor areas stated above are those published by the Valuation Office Agency (https://www.gov.uk/find-business-rates)
(2) Tesco is the UK's largest retailer with almost 3,000 stores and 330,000 employees in the UK (https://www.tescoplc.com/about). For the year ending 22/02/2025, Tesco Stores Limited reported a turnover of £50,837,000,000, a pre-tax profit of £1,660,000,000 and net assets of £5,126,000 (Source: Annual Report as Published on Companies House: 17/02/2026).
(3) The lease provides for a Tenant option to determine the lease on 26/08/2034, subject to serving six months' notice.
(4) As to the maisonette at 84 Calverton Road, the rent shown above has been annualised.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.