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11 Nursery Parade, Luton, LU3 2QP

  • Retail
  • 1,428 sq ft
  • To Let / For Sale
11 Nursery Parade, Luton, Retail To Let / For Sale - IMG_2695 copy.jpg
11 Nursery Parade, Luton, Retail To Let / For Sale - IMG_2696.JPG
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11 Nursery Parade, Luton, Retail To Let / For Sale - IMG_2699.JPG
Property Type Retail
Tenure To Let / For Sale
Size 1,428 sq ft
Price £600,000
Rent £41,500 per annum
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Lock Up Retail Premises To Let/For Sale

Key Features

  • Main Retail Parade Location
  • Potential Residential Conversion STPP
  • Vacant Possession
  • For Sale / To let

Description

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.

Location

Marsh Road forms one of Luton's principle commercial/retail districts outside of the town centre. The subject property occupies a mid-terrace and pavement-lined position at Nursery Parade, which forms one of the main retail parades along Marsh Road. There are a range of local, regional and national businesses within proximity including: McDonalds, Lidl, Subway, Connells, Taylors, Co-Op Funeral Care, Papa Johns, Pizza Hut, Iceland, Bet Fred, Poundstretcher, Coral, William Hill, Greggs, Sue Ryder, Keech, etc.

Terms

TO LET: 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.

FOR SALE: The freehold interest in the entire property (ground, first and second floor) is available, with vacant possession, for £600,000.

VAT

We are verbally advised VAT is not applicable.

Fees

Each party is to bear its own professional fees incurred.