18-19 Progress Way 4,290 SF Industrial Unit Offered at £370,000 in Luton
INVESTMENT HIGHLIGHTS
- The property is located in Progress Park Luton
- The property benefits from having good access to the M1 Junction 11a
- Built circa 1988 and is accessed off Sedgwick Road/Toddington Road, toward the north west of Luton
EXECUTIVE SUMMARY
This modern light industrial property originally formed a terrace of similar units, however the middle/party wall dividing Unit 18-19 has been removed such that this is now a single, open plan unit.
PROPERTY FACTS
| Price | £370,000 |
| Unit Size | 4,290 SF |
| No. Units | 1 |
| Total Building Size | 10,244 SF |
| Property Type | Flex (Unit) |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 5,122 SF |
| Year Built | 1994 |
| Lot Size | 0.32 AC |
| Sale Condition | Auction Sale |
AMENITIES
- Security System
- Roller Shutters
1 UNIT AVAILABLE
Unit 18-19
| Unit Size | 4,290 SF |
| Price | £370,000 |
| Price Per SF | £86.25 |
| Unit Use | Industrial |
| Sale Type | Investment or Owner User |
| Tenure | Long Leasehold |
| Net Initial Yield | 14.27% |
| NOI | £52,800 |
| Sale Conditions | Auction Sale |
DESCRIPTION
Lot …. is available for sale at a Savills online auction to be held on Wednesday 12th of February 2025. The property comprises an investment/long leasehold investment/owner user opportunity for sale.
The asking price is £……., representing a gross initial yield of …..%.
SALE NOTES
The property is a Leasehold and held upon two ground leases, each for a term of 125 years from 1988. The passing ground rent is £2,200 per unit, per annum.
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