| Property Type | Investment/Development / Retail |
| Tenure | For Sale |
| Size | 742 sq ft |
| Price | £242,500 |
| Business Rates | Upon Enquiry |
| Rateable Value | £17,500 |
| Energy Performance Rating | Upon enquiry |
The retail premises forms part of the ground floor of a purpose built apartment block.
Left hand retail - 444 sqft (41.25 sqm)
Right hand retail - 298 sqft (27.71 sqm) plus kitchen and w/c.
- Shop depth circa 8m.
- 2.25m ceiling height
- Solid floor
- Electric heating
- Electric security shutters
- Double aluminium shop front
- Single phase electric
- Disabled w/c
Luton is one of the largest towns in the UK without city status. The town benefits from exceptional connectivity via the A505, A6 and M1 (J10, J11 & J11A). Three train stations offer high speed services to London St Pancras. There is an international airport on the cusp of a major expansion.
Chapel Street is located within Luton town centre, within walking distance of George Street, Luton Point (shopping mall) and the University of Bedfordshire.
The shop is let for a term of five years with a rent review and break option on the third anniversary. The passing rent is £14,000 per annum. We are advised the property is held on a 999 year ground lease with peppercorn ground rental. The ground lease interest is available, subject to the existing tenancy, for £242,500.
We are verbally advised by our client that VAT is not applicable.
The Rateable Value as of April 2026 is £17,500 (please note this is not rates payable).
Each party is to bear its own professional fees incurred.
