Online Auction

90a Midland Road, Luton, Bedfordshire, LU2 0BL

  • Unconditional Online Auction Sale
  • Reserve not to exceed : £130,000
  • Freehold corner site with planning permission for two retail units
  • Situated in an established retail location adjacent to Luton Railway Station
  • Potential for further development (subject to planning)
  • 755 sq ft (70.13 sq m)

Details

Location

The property is located in Luton, a large town in Bedfordshire approximately 34 miles (55km) north of Central London. The town benefits from excellent road communications with Junction 10 of the M1 motorway immediately to the south of the town centre, providing access to the M25, Central London and the wider national motorway network. The town also benefits from excellent rail connections, with direct services to several London stations including London St Pancras, with a shortest journey time of 22 minutes.

London Luton Airport is located immediately to the south east of the town and provides flights to many international and domestic locations.

The property occupies a corner site to the north of Midland Road and to the west of High Town Road, immediately to the north of Luton Station. The property is in an established secondary retail location with surrounding properties comprising ground floor retail accommodation with residential upper parts.

Description

The property comprises a ground floor unit of approximately 755 sq ft (70.14 sq m) that is currently used as storage. The property is of timber frame construction with timber cladding to the front elevation, beneath a single leaf sheet metal roof. There is a set of steel double doors to the front elevation.

The property has an established use as advertising space, with a billboard previously erected at first floor level above the unit.

The property has planning permission for the development of two retail units of 270 sq ft (25.08 sq m) and 400 sq ft (37.16 sq m) respectively.

Lot Type

Online Auction - October 2018

Tenure

Freehold

Planning

Luton Borough Council (01582 546 317) www.luton.gov.uk

The property has planning permission for the development of two retail units. Planning Reference - 18/00154/FUL

Tenancy

The property is currently let on a license agreement generating £2,000 per annum. Mutually terminable with one months notice.

Energy Performance Certificate

No EPC required


*Reserve Not to exceed

The reserve is the minimum amount the seller will currently accept. This figure does not represent a valuation nor does it reflect the likely sale price. It is subject to change, upwards or downwards.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.


Related Documents

Agreement Documents