This retail is now off the market

  1. Realla
  2. Shops, retail for sale
  3. Luton

Bushmead Shopping Centre, Hancock Drive, Luton, LU2 7SF – Luton

This retail is now off the market

Under offer
Contact name
Ronnie Morgan
Full address
Bushmead shopping centre, Hancock Drive, Luton LU2 7SF – Luton
Property type
Shop, retail unit for sale
Asking price
Cafe, Car park, Train transport
1.47 acres
NIY (%)
Download the brochure

Property description

• Map view
• A busy neighbourhood scheme comprising 10 shops, 11 flats (sold off on long leases) and 10 garages.
• Situated within Bushmead, a popular residential suburb of Luton.
• Anchored by a Co-operative convenience store let on a long lease.
• Current Passing Rent of £269,850 pa.
• AWULT of 8.84 years to expiry and 7.73 years to break.
• Car parking for 66 cars.
• Total site area of 1.465 acres (0.593 ha).
• Asset Management opportunities include letting the vacant unit, redeveloping the site and breaking up the parade and selling the units off piecemeal.
• Offers sought in excess of £3,375,000 subject to contract and exclusive of VAT.  A purchase at this level would reflect a net initial yield of 7.50% after allowing for purchasers costs of 6.49%
• Brochure
• Dataroom

This shop, retail unit for sale is located in Luton.

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