Number of beds: 2
( FREEHOLD) property for sale as a Commercial or for conversion to a light and spacious open plan 1 or 2 bed house (FREEHOLD)
The interior is outstanding. As soon as you enter this commercial property you will enter a large spacious lobby, office or open plan work area with a stair way leading upstairs to the first floor and toilet with basin. The mezzanine area can be used for office space and includes a side mezzanine storage area.
As a 1 or 2 bedroom house it will have the use of its own enclosed fenced private courtyard to the front of the building. Sewers are connected and water supply has been put into the building but needs connecting in right of way for a small cost . No water rates or sewer charges apply as is.
530 SQ FT with mezzanine storage area excluding courtyard
Gates and Entrance:
5.22m (17.2 feet) Width x 7.4m (24 feet) Length
Property Ground Floor:
5.70m (18.7 feet) Width x 5.90m (19.4 feet) Depth (into window) with 2.6 m high glass window.
2.84m (9.3 feet) Length x 4.7m (15.4 feet) Width
Courtyard 6.7m (22 feet) width x 2.3 (7.5 feet) Depth
Other first floor area
2.15m ( 7.3 feet)width x 2.75m (9.0 feet) Length
Toilet (First Floor)
0.87m (2.9 feet )Width x 1.77m (5.10 feet) Length
This fully refurbished property, in Wellington Place, Wellington Street in the Luton Town Centre Area. The area benefits from its proximity to Junction 10 of the M1 motorway, and the M25 motorway Junction 21 is located 12 miles from Luton. Luton has regular rail services to London and the Midlands and offers a choice of three separate railway stations being Luton Parkway Airport, Luton and Leagrave. A typical train journey from London to Luton will take approximately 30 minutes. This building is located just of Wellington Street Luton at the end of a private right of way behind secure double size gates.
This property would make a brilliant start to a new investment or project.
Use as a commercial with a rental income of £800 per month or convert to a 1 or 2 bed open plan house for a minimal cost to achieve rent in the region of in excess of £750.
This is for the outright purchase of this building. There are no 99 or 200 year leases etc associated with the purchase and no ground rent to pay to anyone. Rates would apply when in use as a residential dwelling as per normal with any home.
For rates as a commercial building if it has a rateable value of less than £6000 which it would have registering the building for small business use with the council will result in no rates to pay. The bill at present will be £0. See gov website for full details.
There are some drawings for “ideas” for conversion which could be used by an architect and will be given to the eventual buyer for his or here use if conversion is there way forward. Drawings will not be emailed.
There are no permits or permission granted for conversion at present but after Luton council had a request to convert the building they agreed it would be ok to do so if there is no use for the building as is and therefor this will help in the change of use from an empty building to residential use.
For any further information please e-mail and i will answer any questions you have.
Thanks for looking