58-60 Calverton Rd - Limbury Mead 2,652 SF Retail Unit Offered at £1,200,000 in Luton LU3 2SZ
INVESTMENT HIGHLIGHTS
- short distance from Leagrave Station - Thameslink
- In the heart of residential area
- Nearby occupiers include the Post Office, local pharmacy & various independent traders.
EXECUTIVE SUMMARY
Trading as Tesco Express and forming part of a local shopping parade on the outskirts of Luton town centre in the Limbury Mead densely populated residential suburb.
PROPERTY FACTS
| Price | £1,200,000 |
| Unit Size | 2,652 SF |
| No. Units | 1 |
| Total Building Size | 34,967 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 17,483 SF |
| Year Built | 1900 |
| Lot Size | 0.92 AC |
1 UNIT AVAILABLE
Unit 58/60
| Unit Size | 2,652 SF |
| Price | £1,200,000 |
| Price Per SF | £452.49 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
Forming part of a mainly retail / restaurant parade with flats above on 2 upper floors, the demise comprises a large ground floor only supermarket with the benefit of rear servicing and a large customer car park at the front ( approx. 80 vehicles)
SALE NOTES
Let on a newly created 15 year protected Lease expiring August 2039 to Tesco Stores Ltd (t/a Tesco Express) with a Tenant only option to break at the 10th year (upon minimum 6 month’s prior notice) and 5 yearly upward only rent reviews to OMV with no cap.
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Mike Sheridan -
Ian Scott International
