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

Allsop
Status
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
£3,375,000
Features
Cafe, Car park, Train transport
Size
1.47 acres
Tenure
Freehold
NIY (%)
7.5
Brochure
Download the brochure

Property description

Gallery
• 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.

Search for all available commercial properties for sale in Luton

Please enable JavaScript to view Google Maps...

Please enable JavaScript to view Google Maps...

Contact agent

020 *** ****

Click to reveal

When prompted enter this code:

Or use the form below to email the agent

By submitting this form, you accept our Terms & conditions & Privacy policy Please note that Realla will send the above details to Allsop only.

Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Allsop. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Allsop for full details and further information.