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Retail premises for sale

Luton, Bedfordshire, England

  • Freehold Price: £750,000
Seller Reference: 8d99f6
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Business Description
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Seller Reference: 8d99f6
Request Details
Business Description
Location: The premises are prominently located on popular parade on Busy Dunstable Road in The Bury Park area of Luton. The premises are located within walking distance to Luton Town Football Ground, and the surrounding premises, are take away, restaurant, halal butchers, Asian sweet marts, barbers & beauty salons, Asian jewellery shops, Asian grocers shops & Asian clothes shops.

Description: Family run business for over 31 years & award winning newsagent/convenience store & off license which is well known for specialling in magazine sales & also benefits from National Lottery. Entrance is made into the main retail area with counter to the right with a tobacco kiosk behind. To the left there is a newspaper and magazine display and a refrigerated multi deck and to the centre, there is racking & shelving & to the rear there is a store room and parking.

Uses : A1/A2

premium: £50,000 for the benefit of the lease, fixture & fittings

rental: £23,000 per annum

terms: Available Freehold or Leasehold. The property is available to let on a new lease on a full repairing and insuring basis for a term to be agreed subject to periodic rent reviews.

Business rates: We have been advised that the business rates are £7,891.91 per annum. Interested parties are advised to make their own enquiries to the local authority

size: Approximately 1000 sq ft

opening hours: Open 7 days a week 7:00 a.M - 10:00 p.M

staff: Family Run

upper parts: Two bedrooms duplex marionette currently let on shorthold tenancy and achieving £9,600 per annum and benefits from a garage

turnover: Current turnover in excess of £364,000 per annum.

Accounts: Available on request

legal cost: Each party is to bear their own legal cost.

Local authority: Luton

reference charge: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

Holding deposit: A holding deposit will be required to secure the property the deposit will buy a period of exclusivity and will be held in the London Properties client account

fixture & fittings: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.

Agent note: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

viewings: Through London Properties by appointment only
Location Details:
Dunstable Road, Luton , Bedfordshire, LU1 1BW
Listed by:
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