Land for sale in Telmere Industrial Estate, Albert Road, Luton LU1

Venture Commercial are pleased to introduce you to this exciting mixed-use development and investment opportunity on the outskirts of Luton.

The property is currently a modern two – storey commercial industrial and office building with Class B1(a), B8 and Class E use.

However, the current owners have managed to procure planning permission for the demolition and erection of a two/three storey building to create six terraced live/work town studios/houses (sui generis), reference: 22/00310/ful on Luton Borough Council planning).

The mixed-use scheme provides a home-working solution for the discerning entrepreneur. Each townhouse features commercial working-from-home office rooms with enough space for start-up firms to accommodate a modest number of employees thanks to the design's spacious dimensions. Large balconies and some south-facing al fresco terraces are part of the private amenity area that is larger than normal, whilst the residential elements of the townhouses provide chic, urbanised living for the new generation.

This unique development opportunity is ideal for anyone in the build to rent sector looking for an exciting new project. The scheme has been designed specifically for urbanised living and working for entrepreneurs, working professionals and students and will ensure a long-term and sustainable income.

The property can also be sold as a stand-alone industrial unit with the benefit of planning permission. Currently, the property is a contemporary warehouse and storage unit measuring 2,487 sq. Ft (ground floor) and 1,463 sq. Ft (first floor) with offices and storage facilities to the ground floor with further office space and ancillary storage space to the first-floor. The unit also benefits from the use of four parking spaces, 3 phase electric, loading/roller shutter door that is accessible from the front of the building and the installation of ac throughout.

With the future development potential of the site, coupled with its current use as a storage and distribution facility and head office space for a small to medium size company makes this a prime opportunity not to be missed.