Established industrial area next to Luton International Airport
Nearby occupiers include Thomson, Monarch Airlines and Caparo Testing Technologies
Approximate site area of 0.1637 hectares (0.4044 acres)
Six Week Completion Period Available
Historic Income of £51,180 per annum inclusive
Lot 43
Auction 14th February 2013
Status Sold
Price £170,000
Sector Office
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of the Mortgagees not in Possession
Property Information
Location
Miles
2 miles east of Luton Town Centre
Roads
A505, A6, M1 (Junction 10)
Rail
Luton Rail Station (55 mins to London Bridge), Luton Airport Parkway
Air
Luton International Airport
Situation
The property is situated in a prominent location on the western side of Percival Way, at its junction with Provost Way, next to Luton International Airport. Nearby occupiers include Thomson, Monarch Airlines and Caparo Testing Technologies.
Tenure
Leasehold. Held under two separate leases from the Council of the Borough of Luton, the first for a term of 99 years from 1982 until 2081 at a rent of £16,000 p.a.x. and the second for a term of 95 years from 1986 until 2081 at a rent of £4,000 p.a.x. Both leases are subject to five yearly rent reviews. Please note that there are outstanding rent reviews under both leases.
Location
Miles
2 miles east of Luton Town Centre
Roads
A505, A6, M1 (Junction 10)
Rail
Luton Rail Station (55 mins to London Bridge), Luton Airport Parkway
Air
Luton International Airport
Situation
The property is situated in a prominent location on the western side of Percival Way, at its junction with Provost Way, next to Luton International Airport. Nearby occupiers include Thomson, Monarch Airlines and Caparo Testing Technologies.
Tenure
Leasehold. Held under two separate leases from the Council of the Borough of Luton, the first for a term of 99 years from 1982 until 2081 at a rent of £16,000 p.a.x. and the second for a term of 95 years from 1986 until 2081 at a rent of £4,000 p.a.x. Both leases are subject to five yearly rent reviews. Please note that there are outstanding rent reviews under both leases.
Description
The property comprises an office/warehouse building arranged over ground, mezzanine and first floors.
Historic Income
We are informed that parts of the building are currently occupied and that the occupiers have historically paid approximately £51,180 per annum inclusive of VAT and all outgoings. Please note that this information has been provided by the occupiers verbally and therefore no warranty or representation as to the accuracy of the occupancy and rental income is made.
Note
This property is being marketed for sale on behalf of a Mortgagee not in possession and no warranties or guarantees in any respect are given. The information in relation to the occupational interests in this property detailed in these particulars has been provided verbally by the occupiers. No warranty or representation as to the occupancy and rental income is made. Purchasers must rely solely on their own enquiries.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an office/warehouse building arranged over ground, mezzanine and first floors.
Historic Income
We are informed that parts of the building are currently occupied and that the occupiers have historically paid approximately £51,180 per annum inclusive of VAT and all outgoings. Please note that this information has been provided by the occupiers verbally and therefore no warranty or representation as to the accuracy of the occupancy and rental income is made.
Note
This property is being marketed for sale on behalf of a Mortgagee not in possession and no warranties or guarantees in any respect are given. The information in relation to the occupational interests in this property detailed in these particulars has been provided verbally by the occupiers. No warranty or representation as to the occupancy and rental income is made. Purchasers must rely solely on their own enquiries.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
ACCOMMODATION
Floor
Floor Areas (Approx)
Ground Mezzanine First
787.90 sq m 200.02 sq m 170.48 sq m
(8,481 sq ft) (2,153 sq ft) (1,835 sq ft)
Totals
1,158.40 sq m
(12,469 sq ft)
Contacts
Seller's Solicitors
Matthew Arnold & Baldwin LLP 21 Station Road Watford WD17 1HT
