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39-45 Chapel St 742 SF Retail Condo Unit Offered at $328,546 in Luton LU1 5DA
Investment Highlights
- Located in one of the largest towns in the UK without city status
- Located within Luton town centre, within walking distance of George Street, Luton Point (shopping mall) and the University of Bedfordshire
- Benefits from exceptional connectivity via the A505, A6 and M1 (J10, J11 & J11A)
- Heavy daytime foot traffic
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 7.42% |
| Sale Type | Investment |
| Cap Rate | 7.42% |
| Tenure | Long Leasehold |
Description
The retail premises forms part of the ground floor of a purpose built apartment block. For many years it has been used as a 'second hand' shop. It would suit a variety of uses under User Class E and has potential to divide into two retail units.
Sale Notes
The investment produces a rental income of £18,000 per annum on a five-year term, with tenant rent review at year three, providing an approximate yield of 7.42%. VAT is not applicable, and the current Rateable Value (April 2026) is £17,500.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 41-45 | 742 SF | Retail | $328,546 ($442.78/SF) | $24,378.13 |
Unit 41-45
| Unit Size |
| 742 SF |
| Condo Use |
| Retail |
| Price |
| $328,546 ($442.78/SF) |
| NOI |
| $24,378.13 |
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Unit 41-45
| Unit Size | 742 SF |
| Condo Use | Retail |
| Price | $328,546 ($442.78/SF) |
| NOI | $24,378.13 |
| Sale Type | Investment |
| Cap Rate | 7.42% |
| Tenure | Long Leasehold |
| Description | |
| The retail premises forms part of the ground floor of a purpose built apartment block. For many years it has been used as a 'second hand' shop. It would suit a variety of uses under User Class E and has potential to divide into two retail units. | |
| Sale Notes | |
| The investment produces a rental income of £18,000 per annum on a five-year term, with tenant rent review at year three, providing an approximate yield of 7.42%. VAT is not applicable, and the current Rateable Value (April 2026) is £17,500. |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 3,250 SF | Floors | 4 |
| Property Type | Retail (Condo) | Typical Floor Size | 813 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1990 |
| Building Class | B | Lot Size | 0.02 AC |
| Total Building Size | 3,250 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 813 SF |
| Year Built | 1990 |
| Lot Size | 0.02 AC |
Amenities
- Signage
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Nearby Major Retailers
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Street
Map
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39-45 Chapel St
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