Land for sale in Mill Yard, Luton, Bedfordshire LU1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Description
Key Features:
- Rare Opportunity
- Town Centre Location
- Adjacent to Bute Street Carpark
- Near Luton Mainline Train Station
- Architecturally Interesting
- Allocated Parking
- Well-Maintained
- Suitable for Various Uses (STPP)
Arranged over ground and first floor with mezzanine/overcroft storage, the property offers a total of 3,884 sqft (360.77 m2).
In years gone by the property was one of Luton's many hat factories. It is now occupied The Bear Club (jazz bar) at lower level and various creative media professionals at upper level.
The original first floor has been removed to provide greater ceiling height at ground floor level. There is an argument to suggest this could be reinstated to increase the floor area.
Location
The property is located within Luton town centre and forms part of Mill Yard, accessed via both Guildford Street and Bute Street. The following are within proximity:
- Luton Mainline Train Station = 135m (2 minute walk)
- The Mall (Bute Street Entrance) = 191m (3 minute walk)
- Bedfordshire University = 421m (10 minute walk)
Terms
The premises are available to purchase upon a freehold basis for £575,000
Vacant possession can be provided from 31st June 2024. Should a purchaser wish to retain The Bear Club as a tenant, it is likely that a new lease could be agreed - it is understood that The Bear Club would like to remain in occupation.
Rateable Value
The premises are rated as follows (please note these are not Rates payable):
- 24a Guildford Street = £13,750
- 78 Bute Street = £10,750
Legal Costs
Each party to bear their own costs incurred.
VAT
Plus VAT at the appropriate rate, if applicable.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
S.R. Wood & Son Ltd, LU2 on +44 1582 944995 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by S.R. Wood & Son Ltd, and do not constitute property particulars. Please contact S.R. Wood & Son Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.