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

This retail is now off the market

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

For sale £3,375,000 1.47 acres
2 months ago. Allsop
Full address
Bushmead Shopping Centre, Hancock Drive, Luton, LU2 7SF - Luton
Contact details
Asking price
Contact the agent
Property type
Shop, retail unit for sale
Features
Cafe, Car park, Train transport
Size
1.47 acres
Tenure
Freehold
NIY (%)
7.5

□ 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%

This shop, retail unit for sale is located in Luton

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National rail 2.9m Luton
Nearest airport 4.8m London Luton

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