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11 Nursery Para 2,013 SF Retail Building Luton LU3 2QP $803,643 ($399.23/SF)
Investment Highlights
- Prominent location
- Close to local amenities
- Potential Residential Conversion STPP
- Heavy daytime foot traffic
Executive Summary
The subject property was previously occupied by NatWest Bank and still benefits from the large walk in safe/strong room. Internally there is a suspended ceiling, air conditioning, solid floor, kitchenette, WC and rear pedestrian access. Above the former bank is a self contained and two story office which lends itself to residential conversion.
The freehold interest in the entire property (ground, first and second floor) is available, with vacant possession, for £600,000.
The freehold interest in the entire property (ground, first and second floor) is available, with vacant possession, for £600,000.
Property Facts
Sale Type
Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,013 SF
Building Class
B
Year Built
1960
Price
$803,643
Price Per SF
$399.23
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.15
Lot Size
0.04 AC
Frontage
Amenities
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The ground floor former bank is available by way of a new effective full repairing & insuring lease at a commencing rent of £41,500 per annum exclusive. The upper floors may be available to lease by way of separate negotiation.
| Space | Size | Space Use | Position | Available |
| Ground | 1,428 SF | Retail | In-Line | Now |
Ground
| Size |
| 1,428 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Ground
| Size | 1,428 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
The ground floor former bank is available by way of a new effective full repairing & insuring lease at a commencing rent of £41,500 per annum exclusive. The upper floors may be available to lease by way of separate negotiation.
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11 Nursery Para
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