Learning and Development Centre 33-35 Upper George St 10,800 SF Office Building Luton LU1 2RD £1,135,000 (£105.09/SF) 4.49% Net Initial Yield
EXECUTIVE SUMMARY
Let to Upper George Street Investments Limited for a further 118 years at a current ground rent of £53,890 pa, subject to review in April 2027 and five yearly thereafter to RPI (Collared at 1% and 4%).
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
10,800 SF
Building Class
B
Year Built
1966
Price
£1,135,000
Price Per SF
£105.09
Net Initial Yield
4.49%
NOI
£50,962
Tenancy
Single
Number of Floors
5
Typical Floor Size
2,160 SF
Building FAR
1.29
Lot Size
0.19 AC
Parking
8 Spaces (0.74 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cafe Zandras
- -
- 500 SF
- -
- -
-
- -
- 7,581 SF
- -
- -
The NHS was launched in 1948. It was born out of a long-held ideal that good healthcare should be available to all, regardless of wealth – one of the NHS's core principles. With the exception of some charges, such as prescriptions, optical services and dental services, the NHS in England remains free at the point of use for all UK residents. This currently stands at more than 64.6 million people in the UK and 54.3 million people in England alone. The NHS in England deals with over 1 million patients every 36 hours. It covers everything, including antenatal screening, routine screenings (such as the NHS Health Check), treatments for long-term conditions, transplants, emergency treatment and end-of-life care.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cafe Zandras | - | 500 SF | - | - | ||
|
|
- | 7,581 SF | - | - |
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